NYSE$CABO

Cable One Inc. · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Cable One's financial performance decreased due to lower net income, but revenue and Adjusted EBITDA increased.

Cable One reported an increase in total revenue and Adjusted EBITDA, driven by residential data and business services. However, net income decreased due to a higher income tax provision and other factors.

  • Total revenues increased by 6.8% to $429.1 million compared to the second quarter of 2021.
  • Net income decreased by 34.8% year-over-year to $69.2 million.
  • Adjusted EBITDA increased by 6.7% year-over-year to $227.5 million.
  • Residential data PSUs grew by approximately 41,000, or 4.4%, year-over-year.

Headline financials

Total Revenue

$429M

Previous: $402M+6.8%
EPS (adj)

$12.10

Previous: $16.68-27.5%
Capital Expenditures

-$207M

Previous: -$161M-28.3%
Free Cash Flow

-$137M

Previous: -$55M-149.9%
Net Income

$69.2M

Previous: $106M-34.8%
Operating Income

$121M

Previous: $115M+4.9%
Gross Profit

$311M

Previous: $289M+7.4%
Cash & Equivalents

$280M

Previous: $449M-37.6%
Total Assets

$6.9B

Previous: $6.83B+1.0%
Stock-Based Comp

$5.95M

Previous: $5.28M+12.7%

Revenue & EPS history

Cable One · Revenue · Quarterly

$429M

Q2 2022+6.8%vs Q2 2021
Beat estimate in 5 of 14 quarters(36%)
ActualEstimate

Revenue by segment

Cable One · $345M total across 4 segments · Q3 2023

  • Residential Data
    $247M+3.9%
  • Residential Video
    $62.3M-20.5%
  • Other
    $26M+202.1%
  • Residential Voice
    $9.08M-27.4%

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

-0.8%

Avg return

Earnings day

-2.2%

Avg return

5 days after

-2.3%

Avg return

30 days after

56%

27 / 48 earnings

Positive

+8.3%

Q3 2023

Best reaction

-42.5%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.6%-29.7%-41.5%
Q4 2025+6.0%+27.0%+4.7%
Q3 2025-1.8%-14.4%-4.6%
Q1 2025-42.5%-33.4%-44.1%
Q3 2024-3.6%-3.6%+1.0%
Q2 2024-4.6%-3.6%-14.7%
Q1 2024-4.6%-0.9%-2.7%
Q4 2023-7.3%-6.3%-9.1%
Q3 2023+8.3%+10.1%-1.3%
Q2 2023-8.4%-6.5%-14.0%
Q1 2023-3.6%-5.6%-13.7%
Q4 2022-5.8%-5.8%-8.4%
Q3 2022-16.0%-19.9%-9.6%
Q2 2022-4.2%-7.9%-21.3%
Q1 2022-1.1%-3.3%+13.1%
Q4 2021+3.1%+2.2%+7.9%
Q3 2021+1.2%+3.1%+3.9%
Q2 2021+1.3%+3.6%+2.4%
Q1 2021+3.4%+2.4%+4.5%
Q4 2020-4.8%-9.5%-10.4%
Q3 2020+1.9%-0.8%+11.0%
Q2 2020+4.1%+1.6%+0.4%
Q1 2020+2.6%-0.5%-2.3%
Q4 2019-1.7%+0.7%-8.3%
Q3 2019+6.1%+11.1%+14.0%
Q2 2019+3.4%+3.1%+7.7%
Q1 2019-0.1%+1.4%+8.4%
Q4 2018-1.1%-0.9%+2.2%
Q3 2018-2.9%-2.6%-3.2%
Q2 2018+3.3%+3.9%+13.5%
Q1 2018+8.0%+10.7%+10.1%
Q4 2017+0.1%+1.7%+0.9%
Q3 2017+0.2%-3.1%-2.2%
Q2 2017-1.8%-3.3%-2.8%
Q1 2017+0.5%-1.6%+8.7%
Q4 2016-1.6%-3.8%-2.9%
Q3 2016-0.4%+0.1%+5.7%
Q2 2016+1.9%+1.7%+9.1%
Q1 2015+5.2%
Q1 2016+3.8%
Q4 2013+0.8%
Q1 2014+0.8%
Q4 2015+5.1%
Q3 2014+0.2%
Q3 2015-0.6%
Q4 2014+3.6%
Q2 2014+3.6%
Q2 2015+0.1%

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