Cable One Posts $204.35 Q2 Loss as 62,000 Residential Data Subscribers Exit
Updated
Updated · Yahoo Finance · Aug 10
Cable One Posts $204.35 Q2 Loss as 62,000 Residential Data Subscribers Exit
1 articles · Updated · Yahoo Finance · Aug 10
Summary
$348.9 million in Q2 revenue matched Wall Street expectations, but Cable One swung to a GAAP loss of $204.35 per share and drew a negative market reaction.
62,000 residential data subscribers were lost from a year earlier as elevated broadband churn and competition from fiber and fixed wireless providers cut sales and deepened operating pressure.
173.5 million in adjusted EBITDA missed estimates, while operating margin fell to negative 150% from negative 128% a year earlier.
25% of new sales now come through digital channels, and management aims for 35% to 40% over the next 12 to 18 months while using mobile bundles, targeted pricing and retention tools to stabilize subscriber trends.
252.3 million market value underscores how sharply Cable One has shrunk as it tries to defend broadband penetration with network upgrades, in-home Wi-Fi improvements and AI customer-service tools.