earnings
confidence high
sentiment negative
materiality 0.75
Cable One prelim Q2 revenue $346M-$352M; net data sub losses 16k-18k; mulls MBI debt move
Cable One, Inc.
- Preliminary Q2 revenue $346M-$352M; capex $72M-$76M; Adjusted EBITDA expected to decline QoQ.
- Residential data net subscriber losses of 16,000-18,000; ARPU $80-$81.
- Cash $166.2M; gross debt $3,058.4M; net debt $2,892.2M.
- Considering not consummating MBI Term Loan Exchange Offer; may leave MBI loans in place without new credit support.