Description

Cable One’s 17,000-Subscriber Loss: Can Mobile Stop The Broadband Slide?

Cable One reported total revenues of $348.9 million for the second quarter of 2026, representing a year-over-year decline from $381.1 million, with residential video contributing $9.7 million to the decrease. Residential data revenues declined 7.3% year-over-year, due to a 6.6% drop in subscribers, despite relatively stable average revenue per user (ARPU). Business data revenues also declined by 6.6%, partially influenced by divestitures of fiber-to-the-tower assets in the previous quarter. Operating expenses decreased by 3.5% year-over-year, driven by lower programming costs but partly offset by continued investments in customer experience, with selling, general and administrative expenses declining 4.7%. Adjusted EBITDA was $173.5 million, down from $203.2 million the prior year, and margins fell to 49.7% of revenues versus 53.3% previously. Capital expenditures rose modestly by $5.6 million to $74 million. The company reaffirmed prior guidance for full-year capital expenditures to remain consistent with the previous year. EBITDA less CapEx was $99.