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Dec 31, 2023
Cable One Q4 2023 Earnings Report
Cable One's financial performance reflected a decrease in total revenues, offset by an increase in net income and adjusted EBITDA margin. The company saw growth in residential data revenues and ARPU, alongside a return to sequential residential high-speed data customer growth.
Key Takeaways
Cable One reported a decrease in total revenues for Q4 2023, but net income increased significantly compared to Q4 2022. Residential data revenues saw a year-over-year increase. The company's residential data primary service units grew sequentially, and residential data ARPU increased.
Net income increased to $115.3 million compared to a net loss of $77.2 million in Q4 2022.
Total revenues decreased to $411.8 million from $425.5 million in the prior year quarter.
Residential data revenues increased by 2.1% year-over-year.
Residential data PSUs grew sequentially by over 1,600, or 0.2%, from the third quarter of 2023.
Revenue by Segment
Forward Guidance
Cable One did not provide specific forward guidance in this earnings report.
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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