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. reports news around its broadband communications business, which provides residential and business data, video and voice services through the Sparklight brand. Recurring updates cover operating results, subscriber trends, average revenue per unit, adjusted EBITDA, cash flow, capital expenditures and the performance of residential data, residential video and business data services.
Company news also includes Sparklight product expansion, such as prepaid wireless service for Sparklight internet customers, intelligent Wi-Fi offerings powered by eero Wi-Fi 7, IPTV/video services, voice services and advertising revenue tied to video channels. Corporate updates may cover conference-call notices, inducement equity awards and other governance developments.
Cable One (NYSE: CABO) has declared a quarterly cash dividend of $2.95 per share. The dividend will be paid on June 14, 2024, to shareholders recorded by the close of business on May 28, 2024.
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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