Quarterly ResultApr 30, 2026, 04:27 PM
CABO Q1 Net Income $35.8M (+NM); Revenue $353.0M (-7.3%)
AI Summary
Cable One, Inc. reported mixed financial results for the first quarter of 2026. While net income surged to $35.8 million from $2.6 million in the prior year, primarily due to a gain on the sale of fiber-to-the-tower contract rights and lower equity investment losses, total revenues decreased by 7.3% to $353.0 million. Adjusted EBITDA also saw a decline of 9.6% to $183.3 million. The company utilized proceeds from the $42.0 million fiber-to-the-tower contract sale to accelerate debt repayment, reducing its debt balance to $3.12 billion.
Key Highlights
- Net income increased significantly to $35.8M in Q1 2026 from $2.6M in Q1 2025.
- Total revenues decreased 7.3% to $353.0M in Q1 2026 from $380.6M in Q1 2025.
- Adjusted EBITDA decreased 9.6% to $183.3M in Q1 2026 from $202.7M in Q1 2025.
- Residential data revenues declined 5.1% to $213.6M year-over-year.
- Residential video revenues decreased 19.8% to $40.8M year-over-year.
- Completed fiber-to-the-tower contract sale for $42.0M cash, recognizing a $26.6M gain.
- Paid down $90.6M principal amount of debt during the first quarter of 2026.