NYSE$CABO

Cable One Inc. · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Cable One's financial performance remained relatively stable with slight revenue decrease, but net income and adjusted EBITDA increased year-over-year.

Cable One reported a slight decrease in revenue, but an increase in net income and adjusted EBITDA. Residential data revenues increased, while business services revenues decreased. The company repurchased shares and returned capital to shareholders.

  • Total revenues decreased slightly to $424.7 million compared to $430.2 million in the third quarter of 2021.
  • Net income increased by 35.1% year-over-year to $70.6 million.
  • Adjusted EBITDA increased by 1.9% year-over-year to $224.6 million.
  • Residential data primary service units grew by approximately 30,000, or 3.2%, year-over-year.

Headline financials

Total Revenue

$425M

Previous: $430M-1.3%
EPS (adj)

$11.53

Previous: $8.33+38.4%
Passings

2.0M

No prior period
Residential Data ARPU

$72.21

No prior period
Residential Video ARPU

$46.25

No prior period
Business Services ARPU

$294.83

No prior period
Capital Expenditures

-$307M

Previous: -$282M-8.9%
Free Cash Flow

-$237M

Previous: -$230M-3.0%
Net Income

$70.6M

Previous: $52.3M+35.1%
Operating Income

$128M

Previous: $118M+9.0%
Gross Profit

$304M

Previous: $309M-1.4%
Cash & Equivalents

$256M

Previous: $490M-47.8%
Total Assets

$6.93B

Previous: $6.9B+0.5%
Stock-Based Comp

$5.86M

Previous: $5.43M+8.0%

Revenue & EPS history

Cable One · Revenue · Quarterly

$425M

Q3 2022-1.3%vs Q3 2021
Beat estimate in 5 of 14 quarters(36%)
ActualEstimate

Revenue by segment

Cable One · $338M total across 4 segments · Q3 2022

  • Residential Data
    $238M+8.3%
  • Residential Video
    $78.4M
  • Residential Voice
    $12.5M
  • Other
    $8.6M

Forward guidance

This document does not contain any forward guidance.

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 Q3 2022

Historical avgQ3 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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