NYSE$CABO

Cable One Inc. · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Cable One's financial performance reflected a decrease in total revenues, offset by an increase in net income and adjusted EBITDA margin. The company saw growth in residential data revenues and ARPU, alongside a return to sequential residential high-speed data customer growth.

Cable One reported a decrease in total revenues for Q4 2023, but net income increased significantly compared to Q4 2022. Residential data revenues saw a year-over-year increase. The company's residential data primary service units grew sequentially, and residential data ARPU increased.

  • Net income increased to $115.3 million compared to a net loss of $77.2 million in Q4 2022.
  • Total revenues decreased to $411.8 million from $425.5 million in the prior year quarter.
  • Residential data revenues increased by 2.1% year-over-year.
  • Residential data PSUs grew sequentially by over 1,600, or 0.2%, from the third quarter of 2023.

Headline financials

Total Revenue

$412M

Previous: $426M-3.2%
EPS (adj)

$19.39

Previous: $8.94+116.9%
Passings

2.8M

No prior period
Residential Data PSUs

960.5K

No prior period
Total Residential PSUs

1.2M

No prior period
Total Business PSUs

146.4K

No prior period
Total Customers

1.1M

No prior period
Data Penetration

38.2%

No prior period
Residential Data ARPU

$83.95

No prior period
Residential Video ARPU

$143.78

No prior period
Business Services ARPU

$246.35

No prior period
Capital Expenditures

-$116M

Previous: $107M-208.2%
Net Income

$115M

Previous: -$77.2M+249.3%
Operating Income

$127M

Previous: -$19.9M+739.3%
Gross Profit

$306M

Previous: $313M-2.3%
Stock-Based Comp

$7.6M

Previous: $5.5M+38.3%

Revenue & EPS history

Cable One · Revenue · Quarterly

$412M

Q4 2023-3.2%vs Q4 2022
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%

Forward guidance

Cable One did not provide specific forward guidance in this earnings report.

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 Q4 2023

Historical avgQ4 2023

-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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro