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Cable One Revenues Rise 6.4% in Q2, Fueled by Residential Broadband

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8/7/2019

PHOENIX -- Cable One, Inc. (NYSE: CABO) (the “Company” or “Cable ONE”) today reported financial and operating results for the quarter ended June 30, 2019. “Capital expenditures as a percentage of Adjusted EBITDA” Tweet this

Second Quarter 2019 Highlights:

  • Total revenues were $285.7 million in the second quarter of 2019 compared to $268.4 million in the second quarter of 2018, an increase of 6.4%. Residential data revenues increased 8.5% and business services revenues increased 29.3% year-over-year.
  • Net income was $36.4 million in the second quarter of 2019, a decrease of 16.9% year-over-year. Adjusted EBITDA(1) was $137.6 million, an increase of 8.1% year-over-year. Net profit margin was 12.7% and Adjusted EBITDA margin(1) was 48.2%.
  • Net cash provided by operating activities was $108.1 million in the second quarter of 2019, an increase of 6.1% year-over-year. Adjusted EBITDA less capital expenditures(1) was $73.7 million in the second quarter of 2019 compared to $77.4 million in the second quarter of 2018.
  • Residential data primary service units (“PSUs”) grew by more than 20,000, or 3.4%, year-over-year.

Cable One

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