earnings
confidence high
sentiment negative
materiality 0.75
Cable One Q1 revenue down 4.2% to $404M; net income falls 17.6% to $47.3M; residential data PSUs grow 0.7%
Cable One, Inc.
2024-Q1 EPS reported
$8.11
revenue$404,312,000
- Revenue $404.3M (-4.2% YoY); net income $47.3M (-17.6% YoY); adjusted EBITDA $217.1M (-5.1%).
- Sequential residential data PSUs grew 6,900 (+0.7%) QoQ; business data PSUs grew 300 (+0.3%).
- CapEx down 31.4% to $65.9M; adjusted EBITDA less capex up 13.9% to $151.2M.
- Paid $16.8M in dividends and repaid $50M on revolver during Q1 2024.