Cable One

Feb 23, 2023

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Dec 31, 2022

Cable One Q4 2022 Earnings Report

Cable One's financial performance was mixed, with a decrease in net income offset by growth in adjusted EBITDA less capital expenditures.

Key Takeaways

Cable One reported a decrease in total revenues to $425.5 million compared to $432.6 million in Q4 2021. The company experienced a net loss of $77.2 million, driven by a non-cash loss on fair value adjustment. However, adjusted EBITDA less capital expenditures increased to $126.4 million. Residential data PSUs grew slightly, and the company repurchased shares and paid dividends.

Total revenues decreased to $425.5 million compared to $432.6 million in the fourth quarter of 2021.

Net loss was $77.2 million, impacted by a $128.8 million non-cash loss on fair value adjustment.

Adjusted EBITDA less capital expenditures increased to $126.4 million from $115.4 million in the prior year quarter.

Residential data PSUs grew by approximately 6,000, or 0.7%, year-over-year.