PHOENIX--(BUSINESS WIRE)--Cable One, Inc. (NYSE: CABO) will host a conference call with the financial community to discuss results for the fourth quarter and full year 2023 on Thursday, February 22, 2024, at 5 p.m. Eastern Time (ET). Cable One will issue a press release reporting its results after market close on Thursday, February 22, 2024. The conference call will be available via a live audio webcast on the Cable One Investor Relations website at ir.cableone.net or by dialing 1-888-800-3155 (Internation ...

The Zacks Cable Television industry is witnessing a rise in cord-cutting on pay-TV options, including cable TV and satellite TV, due to intensifying competition from over-the-top service providers’ innovative content offerings. Focus on providing bundled offerings and on-demand programming content that cater to changing consumer behavior bodes well for streaming players.Despite stiff competition, Cable Television industry players are benefiting from consistent demand for high-speed broadband. Strong demand ...

Financial Data and Key Metrics Changes - Total revenues for Q3 2023 were $420.3 million, a 1% decrease from $424.7 million in Q3 2022, primarily due to a decline in lower-margin residential and business video revenues [49] - Residential data revenues grew by 5.8% year-over-year, while total business services revenues fell by 0.4% [50] - Adjusted EBITDA was $230 million, an increase of 2.4% year-over-year, with an adjusted EBITDA margin of 54.7%, reflecting a 180 basis point improvement [51] - Operating expenses were $109.7 million, or 26.1% of revenues, down from 28.4% in the prior year, driven by a decrease in video programming and franchise costs [25] - Capital expenditures totaled $77.8 million, a decrease of 22.6% year-over-year, equating to 33.8% of adjusted EBITDA [26] Business Line Data and Key Metrics Changes - Business services revenues fell slightly by 0.4% year-over-year, but connectivity growth outpaced residential broadband revenue [8] - Average customer demand reached an all-time high of 646 gigabytes per month, with over 20% of residential customers exceeding 1 terabyte of usage each month, an 18% increase from the previous year [9] Market Data and Key Metrics Changes - The company has not experienced significant customer churn due to mobile fixed wireless competition, maintaining low overall churn rates [10][35] - The majority of markets do not have a wired competitor offering speeds of 100 megabits or higher, indicating a competitive advantage [20][83] Company Strategy and Development Direction - The company is focusing on increasing broadband penetration and aligning strategies to target both premium and value-conscious customer segments [7][16] - A recent promotion of $25 for 100 megabits aimed at value-focused customers resulted in robust connects, with most opting for higher speed and price tiers [43][36] - The company is committed to digital transformation and integration, enhancing operational efficiencies across its brands [46] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth potential of broadband penetration and the ability to balance ARPU and subscriber growth [16][57] - The company is actively exploring government funding opportunities to extend its network into underserved areas [47] - Management noted that while competition is increasing, the company has historically adapted well to market changes and remains focused on customer satisfaction [63] Other Important Information - The company had approximately $240 million in cash and cash equivalents as of September 30, with a debt balance of approximately $3.7 billion [28] - Recent leadership changes were made to enhance focus on customer growth and digital transformation [23][48] Q&A Session Summary Question: Discussion on HSD net adds and promotional offers - Management noted that the promotional offer for 100 megabits at $25 was aimed at value-conscious customers, leading to robust connects, with most opting for higher tiers [31][36] Question: Churn from fiber competition - Management indicated that overall churn is at prepandemic lows, even in competitive markets, and they track reasons for customer departures [34][35] Question: Impact of promotional offers on ARPU - Management highlighted that while the $25 offer attracted customers, the majority chose higher-priced tiers, indicating a positive response to premium offerings [66][43] Question: Capital intensity and future investments - Management discussed ongoing capital optimization strategies and the potential for further reductions in capital intensity as they continue to enhance network efficiency [72][90] Question: Customer exposure to ACP program - Management stated that only a small portion of their customer base is involved with the ACP program, indicating minimal exposure and potential impact [74][76]

(2) Not applicable. 42 31.1 Principal Executive Officer Certification required by Rules 13a-14 and 15d-14 as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.* 101.SCH Inline XBRL Taxonomy Extension Schema Document.* 101.PRE Inline XBRL Taxonomy Extension Presentation Linkbase Document.* 43 Cable One, Inc. (Registrant) Date: November 2, 2023 Income tax provision was $63.9 million and $86.2 million for the nine months ended September 30, 2023 and 2022, respectively, and our effective tax rat ...

Cable One, Inc. (NYSE:CABO) Q2 2023 Earnings Conference Call August 3, 2023 5:00 PM ET Company Participants Jordan Morkert - Investor Relations Julie Laulis - President and Chief Executive Officer Todd Koetje - Chief Financial Officer Conference Call Participants Phil Cusick - JPMorgan Frank Louthan - Raymond James Greg Williams - TD Cowen Craig Moffett - MoffettNathanson Steven Cahall - Wells Fargo Brandon Nispel - KeyBanc Capital Markets Operator Good afternoon ladies and gentlemen. Thank you for standing ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 or Commission File Number:001-36863 ___________________ 210 E. Earll Drive, Phoenix, Arizona 85012 (Address of Principal Executive Of ices) (Zip Code) Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been s ...

Financial Data and Key Metrics Changes - Total revenues for Q1 2023 were $421.9 million, a decrease of 1.1% from $426.7 million in Q1 2022, primarily due to declines in low-margin residential video and voice revenues [36] - Adjusted EBITDA was $228.8 million for Q1 2023, an increase of 1% compared to Q1 2022, with an adjusted EBITDA margin of 54.2%, reflecting a 110 basis point improvement [39] - Capital expenditures totaled $96.1 million for Q1 2023, equating to 42% of adjusted EBITDA, compared to $99.4 million or 43.9% in the prior year quarter [6] Business Line Data and Key Metrics Changes - Residential broadband revenue grew by 5.5% year-over-year, with an increase in both customers and ARPU [21] - Business services revenue grew by 2.9% on an adjusted basis, driven by stronger growth in SMB and enterprise broadband offerings [22] - Residential broadband ARPU increased by 4.5% year-over-year, with significant demand for higher speed tiers [24] Market Data and Key Metrics Changes - The company reported a decrease in new customer starts due to a slow pace of home move activity, although churn rates remained low, indicating strong customer retention [23] - Approximately 21% of residential customers now exceed a terabyte of usage each month, reflecting a 20% increase from the previous year [28] - Average network utilization during peak hours improved, with downstream and upstream utilization decreasing from 23% to 21% [28] Company Strategy and Development Direction - The company continues to focus on managing its balance sheet to support long-term investments while navigating a challenging economic environment [8] - Ongoing investments in advanced broadband networks and high-return projects are prioritized to extend networks to underserved areas [6] - The company is exploring new product offerings and pricing strategies to enhance customer value and defend market share against competition [53] Management's Comments on Operating Environment and Future Outlook - Management expressed uncertainty regarding the impact of economic conditions on customer growth but remains optimistic about the company's ability to grow broadband adds throughout the year [90] - The company is committed to investing in network upgrades and enhancing service offerings to meet increasing data demands [25] - Management noted that while competition from mobile fixed wireless exists, it does not significantly impact the existing customer base [26] Other Important Information - The company successfully completed a financing transaction that extended maturities and provided strategic flexibility, with the next scheduled maturity date in 2026 [11] - The company received recognition for its workplace culture, being ranked by Forbes and Newsweek for its inclusive environment [33] Q&A Session Summary Question: How do you think about seasonal impacts and the effect of slowing housing growth? - Management noted that while economic indicators suggest challenges, customer demand for higher speed tiers remains strong, and they expect to follow typical seasonality cycles [15] Question: Can you discuss M&A activity in the current market? - Management indicated that it is too soon to assess M&A activity due to changing market conditions and rising interest rates, but they continue to be a preferred aggregator for smaller businesses [14][2] Question: What is the company's strategy regarding pricing and promotions? - Management stated that promotions were not significantly heavier and emphasized a focus on higher-end product offerings while testing various strategies [40] Question: What is the company's exposure to the ACP program? - Management indicated that less than 30,000 customers are dependent on the ACP program, suggesting limited exposure if it is not reauthorized [68] Question: What are the plans for wireless offerings in the future? - Management emphasized that their current focus is on growing market share in existing areas and that wireless offerings will be considered based on customer demand and profitability [64]

Table of Contents See accompanying notes to the condensed consolidated financial statements. CABLE ONE, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) | --- | --- | --- | --- | --- | |---------------------------------------------------------------------------------------------------------|-------|--------------|--------------|------------------| | (in thousands) | | Three \n2023 | Months March | Ended 31, \n2022 | | Cash flows from operating activities: | | | | | | Net income | $ | 57,426 ...

Cable One, Inc. (NYSE:CABO) Q4 2022 Earnings Conference Call February 23, 2023 5:00 PM ET Company Participants Jordan Morkert - Investor Relations Julie Laulis - Chairman, President and Chief Executive Officer Todd Koetje - Chief Financial Officer Conference Call Participants Gregory Williams - Cowen and Company, LLC Frank Louthan - Raymond James & Associates, Inc. Craig Moffett - MoffettNathanson SVB Securities Brandon Nispel - KeyBanc Capital Markets Inc. Steven Cahall - Wells Fargo Securities, LLC Operat ...

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