Cable One Q3 2022: Revenue $424.7M, Net Income +35.1% to $70.6M, Adj EBITDA +1.9%

Cable One, Inc.

2022-Q3 EPS reported $49.70 revenue$1,280,528,000

Total revenue $424.7M vs $430.2M YoY; residential data revenue up 6.3%, business services down 11.5%.
Net income $70.6M (+35.1% YoY); Adjusted EBITDA $224.6M (+1.9%); Adj EBITDA margin 52.9%.
Residential data PSUs grew ~30k (+3.2% YoY); 14k from CableAmerica acquisition, 8.7k contributed to Clearwave Fiber.
Repurchased 89,000 shares for $115.3M in Q3; YTD capital returned to shareholders $356.8M ($49.8M dividends, $307M buybacks).
Adjusted EBITDA less capex $124.1M, up 24.6% YoY; operating cash flow $216.7M, up 18.6%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Cable One, Inc. reported the quarter ended September 30, 2022 results: revenue $424.7 million, net income $70.6 million.

Period: the quarter ended September 30, 2022
Revenue: $424.7 million
Net income: $70.6 million
Result: reported results

Exact text from the filing

Cable One Reports Third Quarter 2022 Results November 3, 2022 – PHOENIX – (BUSINESS WIRE) – Cable One, Inc. (NYSE: CABO) (the “Company” or “Cable One”) today reported financial and operating results for the quarter ended September 30, 2022 . Third Quarter 2022 Highlights: ● Total revenues were $424.7 million in the third quarter of 2022 compared to $430.2 million in the third quarter of 2021 . Year-over-year, residential data revenues increase d 6.3% and business services revenues decrease d 11.5% . Revenues for the third quarter of 2022 included $4.9 million from CableAmerica (1) operations. Revenues for the third quarter of 2021 included $16.3 million from operations that were contributed to Clearwave Fiber (1) and from the Divested Operations (1) , of which a substantial majority consisted of business services revenues. ● Net income was $70.6 million in the third quarter of 2022 , an increase of 35.1% year-over-year.

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Source: SEC EDGAR

accession 0001437749-22-025769

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