Company Overview - Cable One (NYSE:CABO) is a provider of high-speed internet, cable television, and telephone services, primarily serving smaller markets across the United States [3] Q3 CY2025 Financial Performance - In Q3 CY2025, Cable One reported revenue of $376 million, which represents a 4.5% year-on-year decline and fell short of analyst estimates of $378.9 million [6][8] - The company's GAAP profit was $14.52 per share, exceeding analysts' consensus estimates of $7.46 by 94.5% [6] - Adjusted EBITDA was $201.9 million, slightly below the expected $203 million, with a margin of 53.7% [6] - Operating margin decreased to 25.2% from 28% in the same quarter last year, while free cash flow margin also declined to 22.5% from 25.2% [6] Subscriber Metrics - Cable One reported 910,400 residential data subscribers, a decrease of 149,100 year-on-year [6][7] - The number of residential video subscribers was 58,400, with a significant average decline of 23.9% year-on-year over the last two years [7] Revenue Growth Trends - The company has experienced sluggish long-term revenue growth, with an annualized growth rate of only 3.1% over the past five years, which is below the benchmark for the consumer discretionary sector [4] - Revenue has fallen by 5.1% annually over the last two years, indicating a loss of previous gains [5] - Analysts project a further revenue decline of 2.8% over the next 12 months, although this is an improvement compared to the two-year trend [8]