Quarterly ResultAug 6, 2026, 05:19 PM
Cable One Q2 Net Loss $1.16B; Assets Down 17.2%
AI Summary
Cable One reported a significant net loss of $1.16 billion for the second quarter of 2026, a substantial increase from the $438.0 million loss in the prior year. Revenues also saw a decline, falling to $348.9 million. The company's financial performance was heavily impacted by $597.7 million in asset impairments and a $349.8 million non-cash impairment to its MBI equity investment, alongside a $444.0 million fair value adjustment for the MBI option liability. Total assets and stockholders' equity experienced considerable reductions during the period.
Key Highlights
- Reported Q2 2026 net loss of $1.16 billion, compared to $438.0 million in Q2 2025.
- Total revenues for Q2 2026 decreased to $348.9 million from $381.1 million in Q2 2025.
- Recognized $597.7 million in asset impairments for Q2 2026.
- MBI option liability stood at $426.0 million as of June 30, 2026.
- Total assets decreased by 17.2% to $4.62 billion from $5.59 billion at Dec 31, 2025.
- Total stockholders' equity declined to $326.4 million from $1.43 billion at Dec 31, 2025.
- MBI investors exercised Put Option, with transaction expected to close October 1, 2026.
- Recorded a $349.8 million non-cash impairment to the MBI equity investment in Q2 2026.
Price Impact
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