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.
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Cable One reported its financial results for Q4 and the full year 2022, revealing total revenues of $425.5 million for Q4, down from $432.6 million in Q4 2021. The net loss was $77.2 million, a significant decline from a net income of $64.8 million a year prior. For the entire year, revenues increased to $1.7 billion, driven by a 11.8% rise in residential data revenues. However, net income fell 19.8% to $234.1 million. Adjusted EBITDA for Q4 was $233.2 million, up 3.5% year-over-year. The company also amended its credit facilities to enhance liquidity and strategic flexibility.
Cable One, Inc. (NYSE: CABO) will hold a conference call to discuss its fourth quarter and full year 2022 results on February 23, 2023, at 5 p.m. ET. The press release detailing these results will be issued after market close on the same day. Investors can join the call via a live audio webcast on the Cable One Investor Relations site or by calling 1-844-200-6205 (International: 1-929-526-1599) with access code 455731. A replay will be available from February 23 until March 9, 2023.
Cable One provides broadband services to over 1.1 million customers across 24 states.
The Board of Directors of Cable One (NYSE: CABO) declared a quarterly cash dividend of $2.85 per share, scheduled for payment on March 10, 2023. This dividend will be paid to stockholders of record as of the close of business on February 21, 2023. Cable One is committed to providing broadband communications, serving over 1.1 million customers across 24 states, with a range of services including Gigabit speeds and advanced WiFi.
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On December 20, 2022, Cable One announced it awarded over $110,000 in grants to 28 nonprofit organizations through its Charitable Giving Fund. This initiative focuses on areas such as Education, Digital Literacy, and Food Insecurity. The Charitable Giving Fund aims to distribute nearly $250,000 annually to support local organizations. Notable recipients include the Texarkana College Foodbank and Citizens About Progress, both of which will utilize their $5,000 grants to address food insecurity and community development.
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Cable One, Inc. (NYSE: CABO) has declared a quarterly cash dividend of $2.85 per share. This dividend is slated for payment on December 16, 2022 to stockholders who are on record by the close of business on November 29, 2022. The company, which serves over 1.1 million customers across 24 states through its Sparklight brand, focuses on providing high-speed broadband services and entertainment options. This announcement reflects the company's commitment to delivering shareholder value.
Cable One, Inc. (NYSE: CABO) announced its third-quarter 2022 results, reporting total revenues of $424.7 million, a slight decline from $430.2 million in 2021. Residential data revenues rose by 6.3%, while business services fell 11.5%. Net income surged 35.1% to $70.6 million. Adjusted EBITDA increased by 1.9% to $224.6 million, with a significant cash flow of $216.7 million from operating activities. The company repurchased 89,000 shares for $115.3 million in Q3. Year-to-date returns to shareholders totaled $356.8 million, primarily through stock repurchases and dividends.