Cable One Inc

Latest Results (08.10.2025):

Cable One Inc reported its financial results for the second quarter of 2025, highlighting a decline in revenues and a significant net loss compared to the same period last year. Despite these challenges, the company showed resilience in residential data revenue and continued its efforts in debt reduction and capital expenditures.

Revenue Decrease

In the second quarter of 2025, Cable One Inc's total revenues were $381.1 million, a 3.4% decrease from $394.5 million in the second quarter of 2024. The decline was primarily driven by a $9.0 million reduction in residential video revenues as the company phases out its video services.

Net Loss Widens

The company reported a net loss of $438.0 million for the quarter, a significant downturn from a net income of $38.2 million in the same period last year. This increase in loss is mainly due to non-cash asset impairment charges totaling $456.2 million.

Cash Flow and EBITDA

Cash flows from operating activities decreased by 6.8%, totaling $144.9 million compared to $155.5 million in the previous year. Adjusted EBITDA also declined by 4.3% to $203.2 million, reflecting challenges in maintaining operating performance.

Debt Reduction and Capital Expenditures

Cable One Inc successfully repaid or retired $70.8 million of debt during the second quarter, contributing to a total net debt paydown of $342.1 million since March 31, 2023. Capital expenditures for the quarter were $68.4 million, showing a slight decrease from $71.6 million in the second quarter of 2024.

Operational Highlights

The company observed a modest increase in residential data revenue and a sequential month-over-month growth in residential broadband customer connections during the first half of the year. Management remains optimistic about future improvements through simplified pricing, targeted marketing, and enhanced service offerings.