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Jun 30, 2023
Cable One Q2 2023 Earnings Report
Cable One's financial performance was reported for Q2 2023, revealing a mix of challenges and strategic advancements.
Key Takeaways
Cable One reported a slight decrease in total revenues, driven by declines in residential video and voice revenues, offset by growth in residential data and business services. Net income decreased compared to the prior year, influenced by increased interest expense and fair value adjustments. The company focused on strategic investments in its network and customer service.
Net income decreased to $55.2 million compared to $69.2 million in the second quarter of 2022, while Adjusted EBITDA increased to $231.3 million from $227.5 million.
Net cash provided by operating activities increased to $169.6 million, and Adjusted EBITDA less capital expenditures rose to $149.8 million.
Total revenues slightly decreased to $424.0 million, with residential data revenues increasing by 5.8% and business services revenues showing a slight increase.
Residential data ARPU increased by 5.9% to $85.20.
Revenue by Segment
Forward Guidance
The report does not contain forward guidance. Therefore, a response is not possible.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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