Cable One, Inc. reported its financial results for the first quarter of 2025, revealing a decline in revenues to $380.6 million, down 5.9% from $404.3 million in the same period of 2024. The company also experienced a significant decrease in net income, which fell by 93% to $2.6 million from $37.4 million in the first quarter of the previous year. One of the key factors contributing to this decline was a reduction in residential data revenues, which decreased by $10.7 million, or 4.5%, primarily due to a drop in subscribers and a 3.1% decrease in average revenue per user (ARPU). Additionally, residential video revenues declined by $9.6 million, or 15.8%. Despite these challenges, Cable One's President and CEO, Julie Laulis, expressed confidence in the company's long-term strategy, stating that they are focused on building a customer acquisition engine amid a rapidly changing and competitive environment. However, the company did report a decrease in cash flows from operating activities, which fell by $48.4 million, or 29.4%, compared to the previous year. The company continues to implement its multi-year plan aiming for sustained profitable growth despite the current challenges in subscriber numbers and revenue streams.
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