Q1 2026 Cable One Inc Earnings Call Transcript
Key Points
- Cable One Inc (CABO) reported an improvement in first-quarter connects year-over-year, indicating early traction of their strategic initiatives.
- The company launched a mobile service offering, which has received an encouraging initial customer response.
- Cable One Inc (CABO) generated approximately $115 million of free cash flow in the first quarter, reinforcing the durability of their business model.
- The Business Services segment showed improvements in performance, driven by targeted investments in sales enablement and go-to-market discipline.
- Approximately 53% of Cable One Inc (CABO)'s markets are now multi-gig capable, with plans to expand this capability to most markets by year-end.
- Cable One Inc (CABO) experienced a sequential loss of 12,600 net residential broadband customers in the first quarter.
- The company faced continued pressure in customer retention, particularly in more competitive markets.
- Total revenues for the first quarter of 2026 decreased to $353 million from $380.6 million in the first quarter of 2025, driven by lower residential video and data revenues.
- Adjusted EBITDA for Q1 of 2026 was $183.3 million, down from $202.7 million in Q1 of 2025.
- Cable One Inc (CABO) is facing competitive intensity from satellite and fixed wireless access providers, impacting their market share in certain areas.
Hello, everyone. Thank you for joining us and welcome to Cable One's first-quarter 2026 earnings call. (Operator Instructions)
I will now hand the conference over to Jordan Morkert, Vice President of Investor Relations. Please go ahead.
Good afternoon, and welcome to Cable One's first-quarter 2026 earnings call. We're glad to have you join us as we review our results. Before we proceed, I'd like to remind you that today's discussion contains forward-looking statements relating to future events that involve risks and uncertainties. Including statements regarding future revenue, customer growth, connects, churn rates and ARPU, the future competitive structure of our markets, the anticipated benefits of our mobile service offering, new product rollouts, future customer retention trends, anticipated cost savings and other benefits to be derived from our billing system migration and our other investments in growth enablement platforms.
Our plans to expand our multi-gig
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