Quarterly ResultAug 6, 2026, 04:24 PM
Cable One Q2 Net Loss $1.16B; Revenue Down 8.4%
AI Summary
Cable One reported a net loss of $1.16 billion for Q2 2026, a significant increase from $438.0 million in Q2 2025, primarily due to non-cash asset impairment charges totaling $597.7 million, a $262.3 million impairment of its MBI equity investment, and a $333.0 million fair value adjustment loss on the MBI Put Option. Total revenues decreased by 8.4% year-over-year to $348.9 million, driven by declines in residential data and video revenues. Adjusted EBITDA also fell by 14.6% to $173.5 million.
Key Highlights
- Q2 2026 net loss was $1.16 billion, up 165.9% from Q2 2025.
- Total revenues for Q2 2026 decreased 8.4% to $348.9 million.
- Diluted EPS was a loss of $204.35, compared to a loss of $77.70 in Q2 2025.
- Adjusted EBITDA declined 14.6% to $173.5 million.
- Non-cash asset impairment charges totaled $597.7 million in Q2 2026.
- Included a $262.3 million impairment of MBI equity investment.
- Included a $333.0 million fair value adjustment loss on MBI Put Option.
- Residential data revenues decreased 7.3% to $212.6 million.
Price Impact
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