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Sep 30, 2020
Cable One Q3 2020 Earnings Report
Cable One's financial performance increased due to revenue growth and strategic acquisitions.
Key Takeaways
Cable One reported an 18.9% increase in total revenues, reaching $339.0 million, driven by growth in residential data and business services. Net income rose by 33.0% to $66.3 million, and Adjusted EBITDA increased by 24.6% to $174.4 million. The company completed the acquisition of Valu-Net and made strategic investments in Wisper ISP and Mega Broadband Investments Holdings LLC (MBI).
Total revenues increased by 18.9% to $339.0 million, driven by residential data and business services growth.
Net income increased by 33.0% to $66.3 million.
Adjusted EBITDA increased by 24.6% to $174.4 million.
Completed the acquisition of Valu-Net and invested in Wisper ISP and Mega Broadband Investments Holdings LLC (MBI).
Revenue by Segment
Forward Guidance
The Company expects the negative impacts associated with the actions it took in response to the pandemic to largely dissipate during the fourth quarter of 2020, due primarily to the resumption of billing late charges, reconnect fees and data overage fees for a full quarter as well as the normalization of labor costs. In addition, the increase in residential data revenues associated with the significant number of residential data customers acquired during the COVID-19 pandemic is anticipated to continue during the fourth quarter of 2020.
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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