Cable One, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 22, 2024 at 04:16 pm EST
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Cable One, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 411.82 million compared to USD 425.52 million a year ago. Net income was USD 115.29 million compared to net loss of USD 77.21 million a year ago. Basic earnings per share from continuing operations was USD 20.56 compared to basic loss per share from continuing operations of USD 13.38 a year ago. Diluted earnings per share from continuing operations was USD 19.39 compared to diluted loss per share from continuing operations of USD 13.38 a year ago.
For the full year, revenue was USD 1,678.08 million compared to USD 1,706.04 million a year ago. Net income was USD 267.44 million compared to USD 234.12 million a year ago. Basic earnings per share from continuing operations was USD 47.34 compared to USD 39.73 a year ago. Diluted earnings per share from continuing operations was USD 45.14 compared to USD 38.06 a year ago.
Cable One, Inc. is a broadband communications provider. The Company provides residential customers with an array of connectivity and entertainment services, including Gigabit speeds, advanced wireless fidelity (Wi-Fi), and video. It provides services that are similar to those provided by cable companies, telephone companies and fiber providers, among others. Its three primary product lines include residential data, residential video and business services. Its broadband plant generally consists of a fiber-to-the-premises or hybrid fiber-coaxial (HFC) network with ample unused capacity. It offers Sparklight TV, an Internet protocol-based (IPTV) video service that allows customers with its Sparklight TV app to stream its video channels from the cloud. Its customers are located in seven states: Arizona, Idaho, Mississippi, Missouri, Oklahoma, South Carolina and Texas. It provides services to more than 1.1 million residential and business customers out of approximately 2.8 million homes.
CABLE ONE, INC. 
