Cable One reports Q4 EPS ($18.71) vs $17.44 last year

Reports Q4 revenue $387.21M, consensus $390.25M. “As anticipated, the average revenue per unit (‘ARPU’) for our residential data services stabilized during the second half of 2024,” said Julie Laulis, Cable One (CABO) President and CEO. “For the year, after excluding the impact of customer losses from the expiration of the Affordable Connectivity Program (the ‘ACP’) and customer gains from a small acquisition, our residential data customer base increased by approximately 2,200 subscribers. We believe the steps taken in 2024 continue to fortify the foundation for our phased plan of long-term, sustainable growth.”