Cable One reported a slight decrease in total revenue but experienced growth in residential data revenue and adjusted EBITDA. The company focused on strategic capital allocation, share repurchases, and debt repayment.
Total revenues decreased slightly by 1.0% year-over-year, totaling $420.3 million.
Residential data revenues increased by 5.8% year-over-year.
Net income decreased to $39.5 million compared to $70.6 million in the prior year.
Adjusted EBITDA increased to $230.0 million, with an adjusted EBITDA margin of 54.7%.
This document does not contain explicit forward guidance. Therefore, a response is not possible.
Visualization of income flow from segment revenue to net income
Analyze how earnings announcements historically affect stock price performance