Welcome to our dedicated page for Cable One news (Ticker: CABO), a resource for investors and traders seeking the latest updates and insights on Cable One stock.
Cable One, Inc. (symbol: CABO) is a prominent telecommunications company offering a suite of services designed to meet the needs of both residential and business customers. With a primary focus on providing high-speed internet, business phone service, and cable TV, Cable One ensures that its clients have access to reliable and scalable solutions.
The company's revenue is predominantly derived from subscription-based data and video services, which are billed monthly. This model guarantees a steady income stream and allows Cable One to continually invest in enhancing its service offerings. One of the company's notable products is Sparklight TV, an internet protocol-based (IPTV) video service that enables customers to stream video channels directly from the cloud using the Sparklight TV app.
In addition to its core services, Cable One generates advertising revenue by selling airtime on its video channels, further diversifying its income. The company's voice services, delivered over Internet protocols, add another layer of value to its comprehensive telecommunications portfolio.
Cable One owns and maintains its telecommunications infrastructure, ensuring top-notch service delivery and reliability. This infrastructure supports the company's wide range of offerings, including fiber-optic solutions, which provide businesses with the high-speed connectivity they need to thrive in today's digital landscape.
Recently, Cable One has made significant strides in expanding its service reach and enhancing customer satisfaction through various strategic initiatives and partnerships. These efforts underscore the company's commitment to staying at the forefront of the telecommunications industry.
For more information about Cable One's business services, visit www.cableone.net/business or call 1-855-692-4145.
Cable One (NYSE: CABO) reported Q3 2024 financial results with revenues of $393.6 million, down 6.4% from $420.3 million in Q3 2023. Net income increased 45.9% to $44.2 million compared to $30.3 million in the prior year. Residential data revenues decreased 6.9% due to a 7.1% decline in average revenue per unit. The company lost approximately 5,300 residential data PSUs from ACP expiration but gained 2,100 from a small acquisition. Adjusted EBITDA was $213.6 million with a 54.3% margin, while cash flows from operating activities were $176.2 million.
Cable One (NYSE: CABO) has appointed Anthony Mokry as Senior Vice President, Residential Services. With over 25 years of telecommunications industry experience, Mokry will lead the company's marketing initiatives, focusing on strategy development, product innovation, and residential customer base management. Previously, he served as Vice President/Chief Marketing Officer at Cricket Wireless, an AT&T subsidiary, and held senior positions at AT&T including Vice President, Gulf States. Cable One CEO Julie Laulis highlighted Mokry's expertise in revenue growth and customer experience enhancement as valuable assets for the company's mission to connect customers and communities.
Cable One (NYSE: CABO) has announced it will host a conference call to discuss third quarter 2024 results on Thursday, November 7, 2024, at 5 p.m. Eastern Time. The company will release its financial results after market close on the same day. Investors can access the call via webcast at ir.cableone.net or by phone using access code 1202376. A replay will be available until November 21, 2024.
Cable One, Inc. (NYSE: CABO) has announced a quarterly cash dividend of $2.95 per share. The dividend will be payable on September 13, 2024 to stockholders of record at the close of business on August 27, 2024. This declaration by the Board of Directors demonstrates the company's commitment to returning value to its shareholders through regular dividend payments.
Cable One reported its Q2 2024 financial results, showing declines in key metrics compared to Q2 2023:
- Revenues decreased 7.0% to $394.5 million
- Net income fell 13.8% to $47.6 million
- Adjusted EBITDA declined 8.2% to $212.4 million
- Net profit margin decreased to 12.1% from 13.0%
The company cited challenges like the discontinuation of the Affordable Connectivity Program. However, it noted positive momentum in residential and business data additions. Cable One repaid $50 million of its revolving credit facility and paid $17.1 million in dividends during Q2. Capital expenditures decreased 12.2% to $71.6 million.
Cable One (NYSE: CABO) has announced a conference call to discuss its second quarter 2024 financial results. The call is scheduled for Thursday, August 1, 2024, at 5 p.m. Eastern Time. Cable One will release its earnings report after market close on the same day. Investors and analysts can access the call via a live audio webcast on Cable One's Investor Relations website or by dialing in. The company will provide a replay of the call on its website until August 15, 2024. This event offers an opportunity for stakeholders to gain insights into Cable One's financial performance and future outlook.
Cable One (NYSE: CABO) has declared a quarterly cash dividend of $2.95 per share. The dividend will be paid on June 14, 2024, to shareholders recorded by the close of business on May 28, 2024.
Cable One, Inc. reported financial results for the first quarter of 2024, showing a decrease in revenues and net income compared to the same period in 2023. Despite sequential growth in residential and business data customers, the company experienced declines in residential video and data revenues. Adjusted EBITDA decreased by 5.1%, with net profit margin at 11.7%. The company paid dividends and reduced its debt during the quarter. Capital expenditures decreased by 31.4% year-over-year.
Mega Broadband Investments (MBI) announced the appointment of Andy Parrott as CEO, effective May 1st, 2024, with Phil Spencer transitioning to a senior advisor role. Parrott, with experience at Charter Communications, Suddenlink Communications, and Altice USA, joined MBI in 2019 and has been praised for his leadership in strategic initiatives, such as Gigabit internet service rollout and customer service improvement. Cable One CEO Julie Laulis also commended Parrott's community-first mindset and management style. Parrott's promotion signifies a new chapter of growth for MBI.
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