Cable ONE Inc. Reports 5.9% Drop in Sales and 93% Decline in Net Income for Q1 2025

Reuters
05-02
<a href="https://laohu8.com/S/CABO">Cable ONE Inc</a>. Reports 5.9% Drop in Sales and 93% Decline in Net Income for Q1 2025

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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cable ONE Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001632127-25-000062), on May 01, 2025, and is solely responsible for the information contained therein.

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