Description

Cable One’s Billion-Dollar Bet: Can Tech Upgrades & Customer Gains Help Them Outrun the Competition?

Cable One’s recent earnings presented a mixed set of financial results for its fourth quarter and full-year 2024. The company, while navigating competitive pressures and changes in subscriber programs, managed to demonstrate some resilience in strategies aimed at stabilizing its business. On the positive side, Cable One reported growth in its business broadband revenue by 2.6% year-over-year, driven by rising demand across its carrier, enterprise, and wholesale segments. This indicates a healthy interest in its broadband services within these sectors, and the company expects this trend to continue into 2025. The company’s adjusted EBITDA less capital expenditures increased by 25% in Q4 year-over-year, highlighting Cable One’s ability to generate strong free cash flow. Additionally, significant steps were taken to enhance financial flexibility, such as rebranding efforts and the deployment of a unified billing system expected to yield operational efficiencies and savings.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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