Loading...
•
Dec 31, 2025
Cable One Q4 2025 Earnings Report
Cable One reported fourth quarter 2025 financial results, showing a decline in revenue and a net loss for the period.
Key Takeaways
Cable One (Sparklight) reported a 6.1% year-over-year revenue decline to $363.7 million for Q4 2025, primarily driven by a decrease in residential video subscribers. While the company posted a net loss of $7.6 million, this was a significant improvement from the $105.2 million loss in the prior year quarter, which had been impacted by a large non-cash impairment. Residential data connect activity showed growth, and disconnect trends improved compared to the third quarter of 2025.
Total revenues decreased 6.1% year-over-year, largely due to a $7.7 million decline in residential video revenue.
Net loss improved to $7.6 million compared to a $105.2 million loss in Q4 2024, which included a $111.7 million impairment.
Adjusted EBITDA was $193.9 million, down 8.1% from the prior year, with an Adjusted EBITDA margin of 53.3%.
Residential data ARPU increased 1.2% to $80.71, despite a 5.8% decrease in residential data PSUs.
Revenue by Segment
Forward Guidance
Management is focused on defending the customer base and capitalizing on profitable growth through efficiency initiatives in 2026.
Positive Outlook
- Growth in residential data connect activity year-over-year.
- Significant improvement in disconnects compared to Q3 2025.
- Expansion of product offerings to reach new customers.
- Focus on higher value products to improve economics.
- Undrawn $1.25 billion revolver provides significant liquidity.
Challenges Ahead
- Continued decline in residential video subscribers.
- Rising levels of competition from historical and new entrants.
- Potential increases in programming costs and retransmission fees.
- Risks associated with the use of artificial intelligence.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...