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Dec 31, 2021
Cable One Q4 2021 Earnings Report
Reported financial results for the quarter and year ended December 31, 2021.
Key Takeaways
Cable One reported a 28.5% increase in total revenues for Q4 2021, reaching $432.6 million, driven by the acquisition of Hargray and growth in residential data and business services. Net income decreased by 39.0% to $64.8 million due to a non-cash gain on sale of business in Q4 2020. Residential data PSUs grew by approximately 22,000, or 2.4%, sequentially.
Total revenues increased by 28.5% to $432.6 million compared to Q4 2020, including $77.8 million from Hargray operations.
Net income decreased by 39.0% to $64.8 million, including $5.0 million from Hargray operations, due to a non-cash gain on sale of business in the prior year.
Adjusted EBITDA increased by 25.9% to $225.3 million, including $33.8 million from Hargray operations.
Residential data PSUs grew by approximately 22,000, or 2.4%, sequentially and 23.2% year-over-year.
Revenue by Segment
Forward Guidance
No specific forward guidance provided in the release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
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Avg. Return Before/After Earnings
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