Cable One reported a slight decrease in revenue, but an increase in net income and adjusted EBITDA. Residential data revenues increased, while business services revenues decreased. The company repurchased shares and returned capital to shareholders.
Total revenues decreased slightly to $424.7 million compared to $430.2 million in the third quarter of 2021.
Net income increased by 35.1% year-over-year to $70.6 million.
Adjusted EBITDA increased by 1.9% year-over-year to $224.6 million.
Residential data primary service units grew by approximately 30,000, or 3.2%, year-over-year.
This document does not contain any forward guidance.
Visualization of income flow from segment revenue to net income
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