Cable One, Inc. (CABO) released its financial and operational results for the quarter and fiscal year ending December 31, 2023, showcasing a mix of successes and challenges.<\/p>\n\n\n\n
In the fourth quarter of 2023, Cable One reported revenues of $411.8 million, slightly down from $425.5 million in the same period of 2022, marking a 3.2% decrease. Despite this, the company witnessed a significant turnaround in net income, with $115.3 million in profits compared to a net loss of $77.2 million in Q4 2022.<\/p>\n\n\n\n
For the full fiscal year 2023, Cable One’s revenues remained relatively stable at $1.678 billion compared to $1.706 billion in 2022, with a slight decline of 1.6%. However, the company saw an improvement in net income, reaching $267.4 million, up from $234.1 million in the previous year.<\/p>\n\n\n\n
Julie Laulis, President and CEO of Cable One, expressed optimism, citing a return to sequential residential high-speed data customer growth in Q4 2023 and the company’s focus on high-margin residential data and business services products, which accounted for over 77% of revenues in the quarter.<\/p>\n\n\n\n
Despite challenges in operating cash flows and a decline in Adjusted EBITDA, Cable One remains committed to executing its business plan for 2024, aiming to achieve sustained growth and profitability in the competitive telecommunications market.<\/p>\n","protected":false},"excerpt":{"rendered":"
Cable One, Inc. (CABO) released its financial and operational results for the quarter and fiscal year ending December 31, 2023, showcasing a mix of successes and challenges. In the fourth quarter of 2023, Cable One reported revenues of $411.8 million, slightly down from $425.5 million in the same period of 2022, marking a 3.2% decrease. […]<\/p>\n","protected":false},"author":1,"featured_media":1459,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jnews-multi-image_gallery":[],"jnews_single_post":{"subtitle":"","format":"standard","video":"","gallery":"","source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"8","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar-narrow","sidebar":"author","second_sidebar":"single-right","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"0","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"1","show_author_box":"1","show_post_related":"1","show_inline_post_related":"0"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_social_meta":{"fb_title":"","fb_description":"","fb_image":"","twitter_title":"","twitter_description":"","twitter_image":""},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"jnews_post_split":{"enable_post_split":"0","post_split":[{"template":"1","tag":"h2","numbering":"asc","mode":"normal","first":"0","enable_toc":"0","toc_type":"normal"}]}},"categories":[361,333],"tags":[],"coauthors":[453],"_links":{"self":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/1460"}],"collection":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/comments?post=1460"}],"version-history":[{"count":1,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/1460\/revisions"}],"predecessor-version":[{"id":1461,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/1460\/revisions\/1461"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/media\/1459"}],"wp:attachment":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/media?parent=1460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/categories?post=1460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/tags?post=1460"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/coauthors?post=1460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}