Welcome to our dedicated page for Cable One news (Ticker: CABO), a resource for investors and traders seeking the latest updates and insights on Cable One stock.
Cable One Inc. (CABO) delivers essential broadband, voice, and video services to residential and business customers across competitive telecommunications markets. This page provides investors and industry observers with a centralized source for all official company announcements and news developments.
Access real-time updates on earnings reports, infrastructure expansions, product launches (including Sparklight TV innovations), and strategic partnerships. Our curated collection ensures you stay informed about CABO’s operational milestones and regulatory filings without speculative commentary.
Key news categories include quarterly financial results, technology deployments, leadership changes, and service area expansions. All content is sourced directly from verified company communications to maintain accuracy and compliance with financial disclosure standards.
Bookmark this page for streamlined access to CABO’s evolving story in the telecommunications sector. Check regularly for critical updates that may impact market perception or long-term growth strategies.
Cable One, Inc. reported financial results for the first quarter of 2024, showing a decrease in revenues and net income compared to the same period in 2023. Despite sequential growth in residential and business data customers, the company experienced declines in residential video and data revenues. Adjusted EBITDA decreased by 5.1%, with net profit margin at 11.7%. The company paid dividends and reduced its debt during the quarter. Capital expenditures decreased by 31.4% year-over-year.
Mega Broadband Investments (MBI) announced the appointment of Andy Parrott as CEO, effective May 1st, 2024, with Phil Spencer transitioning to a senior advisor role. Parrott, with experience at Charter Communications, Suddenlink Communications, and Altice USA, joined MBI in 2019 and has been praised for his leadership in strategic initiatives, such as Gigabit internet service rollout and customer service improvement. Cable One CEO Julie Laulis also commended Parrott's community-first mindset and management style. Parrott's promotion signifies a new chapter of growth for MBI.
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