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Sparklight ranks first in 86 internet performance comparisons across 14 statesSparklight internet speeds were 50% faster than 5G Home InternetRecognitions span speed, responsiveness, network consistency, gaming and video performanceFindings are based on millions of consumer-initiated tests conducted during the first half of 2026 PHOENIX, Sept. 11, 2026 (GLOBE NEWSWIRE) -- Sparklight®, a leading internet and mobile provider, has ranked first in 86 internet performance comparisons across markets in 14 states during the first half of 2026, according to Ookla® Speedtest Intelligence® data.

A custom analysis of Ookla® Speedtest Intelligence® data across Sparklight’s service footprint also found that Sparklight delivered 50% faster download speeds and 73% faster upload speeds than 5G Home Internet.**

The findings are based on millions of consumer-initiated tests conducted from Jan. 1 through June 30, 2026, and reflect real-world network performance across download and upload speeds, responsiveness, network consistency, gaming experience and video experience.

“Our focus is on delivering fast, reliable internet that can keep up with how our customers live, work and connect every day,” said Jim Holanda, Chief Executive Officer of Cable One, Sparklight’s parent company. “These results reinforce the value of the investments we continue to make in our network to expand capacity, broaden Multi-Gig availability and deliver a strong, consistent experience across everything from streaming and gaming to work, entertainment and connected devices.”

KEY FACTS

Sparklight earned 86 recognitions across Arizona, Idaho, Illinois, Indiana, Kansas, Louisiana, Mississippi, Missouri, New Mexico, North Dakota, Oklahoma, Oregon, South Carolina and Texas for internet performance during the first half of 2026.*Sparklight internet download speeds were 50% faster than 5G Home Internet across the company’s service footprint.**Sparklight internet upload speeds were 73% faster than 5G Home Internet across the company’s service footprint.**The results are from Ookla® Speedtest Intelligence® data from millions of consumer-initiated tests conducted Jan. 1 through June 30, 2026.Sparklight received 33 recognitions for Fastest Download Speeds.Sparklight received 27 recognitions for Most Responsive Internet Speeds and 16 for Most Reliable Internet Speeds.The company also received eight recognitions for Fastest Upload Speeds, one for Best Fixed Gaming Experience and one for Best Fixed Video Experience.Sparklight has invested nearly $1 billion over the past three years across its 24-state footprint to increase network capacity, expand Multi-Gig internet availability and enhance reliability. Speedtest Intelligence data recognizes Sparklight for internet performance

Ookla® is a global leader in connectivity intelligence and the company behind Speedtest®. Speedtest Intelligence® data is derived from consumer-initiated testing and provides information about how internet connections perform in real-world use.

The recognitions evaluate multiple aspects of fixed internet performance rather than speed alone, including responsiveness, reliability, gaming experience and video experience.

In Arizona, Sparklight earned recognition for fastest download and upload speeds, responsiveness and reliability in the Show Low area; fastest upload speeds in Payson; and fastest download speeds and reliability in Prescott. In Idaho, the company received multiple recognitions for download speed, responsiveness and reliability in Boise, Lewiston and McCall. Fastest upload speed recognitions were also earned by Sparklight in Ontario, Oregon-Idaho and Sandoval County, New Mexico.

Reliable speeds, gaming and video results broaden performance signals

Overall speed is one measure of internet performance, but Speedtest Intelligence® results also assess other aspects of the connectivity experience.

Sparklight earned 16 recognitions for Most Reliable Internet Speeds. The company also received recognition for Best Fixed Gaming Experience in North Dakota and Best Fixed Video Experience in the Albuquerque, New Mexico, area.

Taken together, the categories provide six distinct internet performance measures: download speed, upload speed, responsiveness, reliability in speed, gaming experience and video experience. This gives consumers information beyond a single speed measurement when comparing how fixed internet services perform across different types of everyday use.

Network investment expands capacity and Multi-Gig internet availability

The Ookla results come as Sparklight continues to strengthen and expand its fiber-rich network across the communities it serves.

Over the past three years, the company has invested nearly $1 billion across its 24-state footprint to increase network capacity, expand Multi-Gig internet availability and enhance reliability.

Sparklight also offers Mobile service to its internet customers, providing connectivity at home and on the go.

More information about Sparklight’s high-speed internet services is available at Sparklight.com.

* Based on Ookla® Speedtest Intelligence® data for Q1–Q2 2026. Ookla trademarks used under license and reprinted with permission.
** Based on analysis of Ookla® Speedtest Intelligence® data, 1H 2026, in Sparklight service footprint. All rights reserved.

About Sparklight
Sparklight is a leading broadband communications provider delivering exceptional service and enabling approximately 1 million residential and business customers across 24 states to thrive and stay connected to what matters most. Through Sparklight®, the brand our customers know and trust, we’re not just shaping the future of connectivity – we’re transforming it with a commitment to innovation, reliability and customer experience at our core.

Our robust infrastructure and cutting-edge technology don’t just keep our customers connected; they help drive progress in education, business and everyday life. We’re dedicated to bridging the digital divide, empowering our communities and fostering a more connected world. When our customers choose Sparklight, they are choosing a team that is always working for them — one that believes in the relentless pursuit of reliability, because being a trusted neighbor isn’t just what we do — it’s who we are.

CONTACT:
Trish Niemann
Vice President, Communications Strategy
[email protected]

FREQUENTLY ASKED QUESTIONS

Question: How did Sparklight perform in Ookla’s internet performance results during the first half of 2026?
Answer: Sparklight earned 86 Ookla recognitions across 14 states based on Speedtest Intelligence data for the first half of 2026. The largest categories were Fastest Download Speeds, with 33 recognitions, and Most Responsive Internet Speeds, with 27.

Question: What are Sparklight’s 86 Ookla recognitions for?
Answer: The recognitions span six internet performance categories: fastest download speeds, most responsive internet speeds, most reliable internet speeds, fastest upload speeds, best fixed gaming experience and best fixed video experience. The results are based on Speedtest Intelligence data from millions of consumer-initiated tests conducted between Jan. 1 and June 30, 2026.

Question: Which internet performance categories earned Sparklight the most recognition?
Answer: Fastest Download Speeds was Sparklight’s largest category with 33 recognitions. It was followed by Most Responsive Internet Speeds with 27 and Most Reliable Internet Speeds with 16. Together, those three categories accounted for 76 of the company’s 86 recognitions.

Question: Where did Sparklight receive Ookla internet performance recognitions?
Answer: The 86 recognitions span 14 states. The announcement identifies performance highlights in markets and areas across Arizona, Idaho, Illinois, Indiana, Kansas, Louisiana, Mississippi, Missouri, New Mexico, North Dakota, Oklahoma, Oregon, South Carolina and Texas.

Question: How do Sparklight’s internet speeds compare with 5G Home Internet?
Answer: Based on a custom analysis of Ookla® Speedtest Intelligence® data across Sparklight’s service footprint, Sparklight internet speeds were 50% faster than 5G Home Internet. Sparklight upload speeds were 73% faster than 5G Home Internet.

Question: Did Sparklight receive recognition for gaming and streaming performance?
Answer: Yes. Sparklight received Best Fixed Gaming Experience recognition in North Dakota and Best Fixed Video Experience recognition in the Albuquerque, New Mexico, area.

Question: Are the Sparklight Ookla results based on customer internet tests?
Answer: Yes. The recognitions are based on Speedtest Intelligence data drawn from millions of consumer-initiated tests conducted during the first half of 2026. The measurement period ran from Jan. 1 through June 30, 2026.

PUBLISHED RESEARCH & RESOURCES

Sparklight high-speed internet services: https://www.sparklight.com/Sparklight Mobile: http://www.sparklight.com/mobileOokla Speedtest Intelligence: https://www.ookla.com/resources/guides/speedtest-methodology A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9121d1db-572b-4d3a-a899-5d798099ac94

Sparklight Internet Performance Results Based on Ookla Speedtest Intelligence Data Sparklight ranked first in 86 internet performance comparisons across 14 states during the first hal...

Cloud-based communications platform combines voice, messaging, video and collaboration into a single platformSupports office, remote and hybrid workforces with desktop and mobile accessIntegrates with Microsoft Teams while replacing traditional on-premises phone systemsFlexible, scalable solution designed for small businesses, mid-sized organizations and enterprise customers PHOENIX, Aug. 19, 2026 (GLOBE NEWSWIRE) -- Sparklight® Business, a leading provider of internet and managed connectivity solutions, today announced the launch of Sparklight Unified Communications, a cloud-based communications platform that helps businesses simplify communications, improve collaboration and stay reliably connected from virtually anywhere.

Available across Sparklight’s service area, Sparklight Unified Communications brings together business calling, SMS messaging, video meetings and collaboration tools within a single secure platform. The solution is designed to support today’s office, remote and hybrid work environments while helping organizations streamline communications and improve productivity.

KEY FACTS

Sparklight Unified Communications combines business voice, SMS messaging, video meetings and collaboration into one secure, cloud-based platform.Employees can access the platform through desktop and mobile applications, supporting office, remote and hybrid work environments.Mobile app calling enables employees to make and receive business calls while keeping personal phone numbers private.Advanced business calling features and Microsoft Teams integration help organizations streamline everyday communications.Flexible seat options allow businesses to scale communications services as teams and locations grow.Sparklight Unified Communications replaces traditional on-premises phone systems with a cloud-based solution that is simple to deploy and manage. Cloud Communications for Today’s Workplace

Businesses continue to adopt flexible work environments that require employees to communicate seamlessly across offices, remote locations and job sites. According to Microsoft's 2025 Work Trend Index, the average employee now receives more than 100 emails and 150 Microsoft Teams messages each workday, underscoring the growing need for communications platforms that simplify collaboration and help teams stay connected across multiple channels.

Sparklight Unified Communications addresses these evolving workplace needs by bringing business calling, SMS messaging, video meetings and collaboration tools into one secure, cloud-based platform that employees can access from virtually anywhere.

Built for Productivity and Collaboration

The platform provides employees with desktop and mobile access, making it easy to stay connected regardless of where work happens. Mobile app calling allows users to place and receive business calls while keeping personal phone numbers private.

Organizations can also integrate Sparklight Unified Communications with Microsoft Teams, enabling employees to manage business communications within a platform many businesses already use every day.

“As workplaces continue to evolve, businesses need communications solutions that are as agile and connected as the teams they support,” said Katherine Creech, Vice President of Sparklight Business Services. “Sparklight Unified Communications brings voice, messaging and collaboration together in an easy-to-use platform, empowering employees from diverse locations to work seamlessly and deliver exceptional customer experiences that drive loyalty and growth.”

Flexible Communications for Growing Businesses

Sparklight Unified Communications is designed for professional offices, healthcare practices, educational organizations, legal and consulting firms, construction companies and other businesses operating across multiple locations.

With flexible seat options and advanced business calling features, the platform allows organizations to expand communications capabilities as business needs evolve without the complexity of traditional on-premises systems.

Expanding Sparklight’s Business Solutions Portfolio

The launch of Sparklight Unified Communications reflects the company’s ongoing commitment to delivering advanced connectivity and communications solutions that help businesses compete, adapt and grow in an increasingly connected economy.

By expanding its portfolio of business technology solutions, Sparklight Business continues to provide organizations with the tools needed to support collaboration, improve customer experiences and enable long-term success.

For more information about Sparklight Unified Communications, seat types and add-ons, visit business.sparklight.com/unifiedcommunications or call (855) 428-5183.

Frequently Asked Questions

Question: What is Sparklight Unified Communications?

Answer: Sparklight Unified Communications is a secure, cloud-based communications platform that combines business calling, SMS messaging, video meetings and collaboration tools into one solution.

Question: Who is Sparklight Unified Communications designed for?

Answer: The platform is designed for small businesses, mid-sized organizations and enterprise customers, including healthcare providers, educational organizations, professional services firms, legal offices, consulting companies, construction businesses and other organizations with multiple locations or mobile/hybrid workforces.

Question: Can employees use the platform while working remotely?

Answer: Yes. Employees can access Sparklight Unified Communications through desktop and mobile applications, making it well suited for office, remote and hybrid work environments.

Question: Does Sparklight Unified Communications work with Microsoft Teams?

Answer: Yes. Organizations can integrate the platform with Microsoft Teams to manage business communications within a familiar collaboration environment.

Additional Resources

Sparklight Unified Communications: https://business.sparklight.com/unifiedcommunicationsBusiness Internet Solutions: https://business.sparklight.com/internetEnterprise Solutions: https://business.sparklight.com/enterpriseMicrosoft 2025 Work Trend Index: https://www.microsoft.com/en-us/microsoft-365/blog/2025/06/26/how-microsoft-365-copilot-and-agents-help-tackle-the-infinite-workday/ About Sparklight Business

Sparklight Business provides customized connectivity solutions for organizations of all sizes — spanning high-speed internet, voice and managed services for small businesses to scalable fiber, Ethernet and high-capacity network solutions with speeds up to 10 Gig and beyond for enterprise, carrier and wholesale partners.

CONTACT:
Trish Niemann
Vice President, Communications Strategy
[email protected] 

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8bc7e879-35c6-4e4d-a0ef-d241001f8b46

Sparklight Business Launches Unified Communications Platform Sparklight Unified Communications helps businesses simplify communications with cloud-based voice, m...

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Cable One NYSE: CABO reported second-quarter 2026 revenue and adjusted EBITDA declines as elevated residential broadband churn continued to pressure subscriber results, while management pointed to improving customer acquisition activity and ongoing investments in retention, network capabilities and mobile services.

Total revenue was $348.9 million in the quarter, down from $381.1 million a year earlier. Adjusted EBITDA fell to $173.5 million, or 49.7% of revenue, from $203.2 million, or 53.3% of revenue, in the prior-year period.

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CEO Jim Holanda said the company’s operating priorities remain focused on retaining existing broadband customers, expanding sales channels and improving its value proposition in markets facing increased competition.

Broadband losses and retention efforts Cable One reported a loss of 17,000 residential broadband customers during the second quarter, which Holanda attributed to elevated churn. He described customer retention as the company’s most important operational priority.

The company is using additional speed upgrades, more gradual promotional roll-offs, enhanced retention tools and a broader portfolio of services to address churn. Residential broadband average revenue per user increased sequentially, supported by promotional roll-offs, changes to the company’s AutoPay Plus program and adoption of higher-value products and services. Those benefits were partly offset by retention initiatives and increased uptake of value-oriented offerings.

Holanda said Cable One expects to use increasingly targeted pricing and retention actions based on the competitive conditions in individual markets. CFO Todd Koetje said the company is willing to accept some pressure on “enterprise ARPU” as it works to acquire more customers and improve longer-term customer growth.

Residential data revenue declined $16.7 million, or 7.3% year over year, as subscriber count fell 6.6% while ARPU remained relatively flat from the prior-year period. On a sequential basis, residential data revenue declined $1 million, or 0.5%.

Management said customer connects improved sequentially in the second quarter and increased in each month of the quarter. Holanda said digital and direct-sales channels represented roughly 35% of sales in the second quarter, compared with less than 10% a year earlier. Digital accounted for about 25% of sales, and Holanda said he expects that channel could rise to 35% to 40% over the next 12 to 18 months.

While direct sales are more expensive than inbound channels, Holanda said he expects the overall customer acquisition cost to increase only slightly and not materially affect margins.

Competition, network and mobile Cable One said competitive pressure remains elevated, particularly in markets with fiber overbuild activity. Management expects the broadband market to include wired, fixed wireless, mobile-only and satellite providers, but said wired broadband should continue serving most households because of its capacity, reliability and economics.

The company estimates that more than 80% of its footprint currently overlaps with fixed-wireless offerings, a level Koetje said was broadly similar to a year ago. Management said third-party Opensignal data indicated satellite service represented an estimated 1% market share in 2026, compared with 0% at the end of 2025, though the company said satellite had not created a material competitive impact.

Holanda said management views low-penetration markets as an opportunity rather than areas it would consider exiting. He said penetration rates vary across the company’s footprint, reflecting the histories and investment levels of the businesses that now comprise Cable One and its Sparklight brand.

The company said essentially all of its network can deliver gigabit speeds, and it expects the vast majority of customers to be served by multi-gig-capable infrastructure by the end of 2026. Holanda said the expansion stems from years of capital-efficient investments rather than a major new capital program.

Cable One also said its mobile service, which launched across its footprint in March, is showing encouraging early adoption. Management views mobile as a tool to support acquisition, deepen customer relationships and improve retention, though Holanda said it will take time for customers to view the company as a mobile provider.

Business services and financial position Business data revenue declined $3.8 million, or 6.6%, from a year earlier. Cable One said $2.2 million of that decline was tied to fiber-to-the-tower contracts divested in the first quarter. The company said its small- and medium-sized-business broadband operations remained under pressure, while enterprise, wholesale and carrier offerings showed encouraging momentum.

During the quarter, Cable One introduced unified communications as a service, or UCaaS, to provide cloud-based communications tools alongside its connectivity products.

Operating expenses declined 3.5% year over year to reflect lower programming costs, partly offset by investments in customer experience. Selling, general and administrative expenses declined 4.7%, due to lower labor costs and reduced billing-system conversion expenses, though the company continued to invest in customer acquisition and marketing.

Capital expenditures rose $5.6 million from a year earlier to $74 million, driven primarily by investments in advanced in-home Wi-Fi technology and security solutions. Cable One reaffirmed that it expects full-year capital expenditures to remain consistent with the prior year. Adjusted EBITDA less capital expenditures, which the company defines as free cash flow, was $99.5 million, down from $134.8 million a year earlier.

The company reduced debt by $63 million during the quarter, including nearly $60 million in voluntary repurchases at discounts. Through the first half of 2026, debt balances were reduced by nearly $130 million.

Cash and equivalents: $166.2 million at June 30 Gross debt: $3.06 billion Undrawn revolving-credit capacity: $700 million Net leverage ratio: 4.2 times on a last-quarter annualized basis Koetje said Cable One is evaluating financing alternatives to strengthen the balance sheet and maintain long-term flexibility, but declined to provide further details on its financing efforts or those involving MBI. The company also continues to consider monetization opportunities for unconsolidated equity investments, with potential proceeds available for debt reduction.

Cable One recognized several non-cash impairment charges and fair-value adjustments during the quarter related to franchise agreements, goodwill and its MBI investment. Koetje said the charges do not affect cash flow, liquidity, operating strategy or long-term growth initiatives.

About Cable One (NYSE:CABO)Cable One, Inc NYSE: CABO is an American provider of broadband communications services, offering a suite of residential and business solutions over a hybrid fiber-coaxial network. The company delivers high-speed internet access, digital video, voice communications and mobile services, alongside advanced managed Wi-Fi and cybersecurity tools. Cable One's infrastructure supports both traditional cable offerings and converged IP-based platforms designed to meet evolving customer needs.

In addition to consumer-focused services, Cable One caters to small and medium-sized enterprises with dedicated business-class connectivity, Ethernet solutions and cloud-based voice applications.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Cable One, Inc. (CABO) Q2 2026 Earnings Call Transcript

PHOENIX--(BUSINESS WIRE)--Cable One, Inc. (NYSE: CABO) (the “Company” or “Cable One”) today reported financial and operating results for the quarter ended June 30, 2026.

Three Months Ended June 30,

(dollars in thousands)

2026

2025

$ Change

% Change

Revenues

$

348,926

$

381,072

$

(32,146

)

(8.4

)%

Net loss

$

(1,164,576

)

$

(437,976

)

$

(726,600

)

165.9

%

Net profit margin

(333.8

)%

(114.9

)%

Cash flows from operating activities

$

120,857

$

144,942

$

(24,085

)

(16.6

)%

Adjusted EBITDA(1)

$

173,460

$

203,214

$

(29,754

)

(14.6

)%

Adjusted EBITDA margin(1)

49.7

%

53.3

%

Capital expenditures

$

74,002

$

68,374

$

5,628

8.2

%

Adjusted EBITDA less capital expenditures(1)

$

99,458

$

134,840

$

(35,382

)

(26.2

)%

“This is a business with a strong network, attractive markets, meaningful cash flow generation and a significant potential to improve operating performance,” said Jim Holanda, Chief Executive Officer of Cable One. “Combined with our current penetration levels, we believe those strengths provide a compelling opportunity for long-term growth and value creation.”

Second Quarter 2026 Summary:

Total revenues were $348.9 million in the second quarter of 2026 compared to $381.1 million in the second quarter of 2025, with $9.7 million of the decrease attributable to a decline in residential video revenues. Residential data revenues were $212.6 million in the second quarter of 2026 compared to $229.3 million in the second quarter of 2025, a decrease of $16.7 million, or 7.3%, year-over-year. Residential data revenues declined $1.0 million, or 0.5%, on a sequential quarterly basis. Business data revenues for the second quarter of 2026 were $53.6 million, a decrease of $3.8 million, or 6.6%, year-over-year. Net losses were $1.16 billion and $438.0 million in the second quarter of 2026 and 2025, respectively, which included non-cash asset impairment charges of $462.3 million and $456.2 million, net of tax, respectively. The second quarter of 2026 also included a $262.3 million, net of tax, non-cash impairment of our Mega Broadband Investments Holdings LLC (“MBI”) equity investment and a $333.0 million, net of tax, non-cash fair value adjustment loss on the put option associated with the remaining equity interests in MBI (the "Put Option"). Adjusted EBITDA was $173.5 million in the second quarter of 2026 compared to $203.2 million in the second quarter of 2025. Net profit margin was (333.8)% and Adjusted EBITDA margin was 49.7% in the second quarter of 2026. Net cash provided by operating activities was $120.9 million in the second quarter of 2026 compared to $144.9 million in the second quarter of 2025. Adjusted EBITDA less capital expenditures was $99.5 million in the second quarter of 2026 compared to $134.8 million in the second quarter of 2025. The Company paid down an aggregate $62.8 million principal amount of debt during the second quarter of 2026, consisting of repurchases of $45.6 million aggregate principal amount of senior notes, $12.8 million of term loan prepayments and $4.4 million of scheduled amortization payments. Second Quarter 2026 Financial Results Compared to Second Quarter 2025

Revenues were $348.9 million in the second quarter of 2026 compared to $381.1 million in the second quarter of 2025. Residential data revenues decreased $16.7 million, or 7.3%, year-over-year due primarily to a decrease in residential data subscribers. Residential video revenues decreased $9.7 million, or 20.1%, year-over-year due primarily to a decrease in residential video subscribers, partially offset by a rate adjustment enacted in the second half of 2025. Business data revenues decreased $3.8 million, or 6.6%, year-over-year due primarily to a decrease in business data subscribers.

Net losses were $1.16 billion and $438.0 million in the second quarter of 2026 and 2025, respectively. The second quarter of 2026 included $462.3 million, net of tax, non-cash asset impairment charges, a $262.3 million, net of tax, non-cash impairment of our MBI equity investment and a $333.0 million, net of tax, non-cash fair value adjustment loss on the Put Option. The second quarter of 2025 included non-cash impairment charges totaling $456.2 million, net of tax. Net profit margin was (333.8)% in the second quarter of 2026 compared to (114.9)% in the prior year quarter.

Adjusted EBITDA was $173.5 million and $203.2 million for the second quarter of 2026 and 2025, respectively. Adjusted EBITDA margin was 49.7% in the second quarter of 2026 compared to 53.3% in the prior year quarter.

Net cash provided by operating activities was $120.9 million in the second quarter of 2026 compared to $144.9 million in the second quarter of 2025. Capital expenditures for the second quarter of 2026 totaled $74.0 million compared to $68.4 million for the second quarter of 2025. Adjusted EBITDA less capital expenditures for the second quarter of 2026 was $99.5 million compared to $134.8 million in the prior year quarter.

Asset Impairments

Triggered by a decline in the Company's stock price during the second quarter, the Company performed an interim intangible asset and goodwill impairment assessment as of June 30, 2026. As a result, the Company recognized asset impairments totaling $597.7 million, consisting of $526.0 million and $71.7 million of non-cash impairments relating to its indefinite-lived franchise agreements and goodwill, respectively. The impairment charges do not have an impact on the Company’s cash flows, operational strategy, growth initiatives or its intent or ability to renew or extend existing franchise agreements.

Liquidity and Capital Resources

At June 30, 2026, the Company had $166.2 million of cash and cash equivalents on hand compared to $152.8 million at December 31, 2025. The Company’s gross debt balance was $3.06 billion and $3.21 billion at June 30, 2026 and December 31, 2025, respectively. The Company had $550.0 million of borrowings and $700.0 million available for borrowing under its revolving credit facility as of June 30, 2026. The Company's weighted average cost of debt was 4.6% for the second quarter of 2026.

The Company voluntarily repurchased $45.6 million aggregate principal amount of outstanding senior notes and prepaid $12.8 million aggregate principal amount of outstanding term loan borrowings during the second quarter of 2026, recognizing $19.9 million of gains on debt extinguishments.

The Company's capital expenditures by category for the three months ended June 30, 2026 and 2025 were as follows (in thousands):

Three Months Ended June 30,

2026

2025

Customer premise equipment(1)

$

20,210

$

11,104

Commercial(2)

3,463

5,499

Scalable infrastructure(3)

7,110

7,211

Line extensions(4)

13,447

17,366

Upgrade/rebuild(5)

5,449

4,261

Support capital(6)

24,323

22,933

Total

$

74,002

$

68,374

__________________

(1) Customer premise equipment includes costs incurred at customer locations, including installation costs and customer premise equipment (e.g., modems and set-top boxes).

(2) Commercial includes costs related to securing business services customers and primary service units ("PSUs"), including small and medium-sized businesses and enterprise customers.

(3) Scalable infrastructure includes costs not related to customer premise equipment to secure growth of new customers and PSUs or provide service enhancements (e.g., headend equipment).

(4) Line extensions include network costs associated with entering new service areas (e.g., fiber/coaxial cable, amplifiers, electronic equipment, make-ready and design engineering).

(5) Upgrade/rebuild includes costs to modify or replace existing fiber/coaxial cable networks, including betterments.

(6) Support capital includes costs associated with the replacement or enhancement of non-network assets due to technological and physical obsolescence (e.g., non-network equipment, land, buildings and vehicles) and capitalized internal labor costs not associated with customer installation activities.

Conference Call

Cable One will host a conference call with the financial community to discuss results for the second quarter of 2026 on Thursday, August 6, 2026, at 5 p.m. Eastern Time (ET).

The conference call will be available via an audio webcast on the Cable One Investor Relations website at ir.cableone.net or by dialing 1-833-461-5787 (International: 1-585-542-9983) and using the access code 240349689. Participants should register for the webcast or dial in for the conference call shortly before 5 p.m. ET.

A replay of the call will be available from August 6, 2026 until September 3, 2026 at ir.cableone.net.

Additional Information Available on Website

The information in this press release should be read in conjunction with the condensed consolidated financial statements and notes thereto contained in the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 2026, which will be posted on the “SEC Filings” section of the Cable One Investor Relations website at ir.cableone.net when it is filed with the Securities and Exchange Commission (the “SEC”). Investors and others interested in more information about Cable One should consult the Company’s website, which is regularly updated with financial and other important information about the Company.

Use of Non-GAAP Financial Measures

The Company uses certain measures that are not defined by generally accepted accounting principles in the United States (“GAAP”) to evaluate various aspects of its business. Adjusted EBITDA, Adjusted EBITDA margin, Adjusted EBITDA less capital expenditures and capital expenditures as a percentage of Adjusted EBITDA are non-GAAP financial measures and should be considered in addition to, not as superior to, or as a substitute for, net income (loss), net profit margin, net cash provided by operating activities or capital expenditures as a percentage of net income (loss) reported in accordance with GAAP. Adjusted EBITDA and Adjusted EBITDA less capital expenditures are reconciled to net income (loss), Adjusted EBITDA margin is reconciled to net profit margin and capital expenditures as a percentage of Adjusted EBITDA is reconciled to capital expenditures as a percentage of net income (loss). Adjusted EBITDA less capital expenditures is also reconciled to net cash provided by operating activities. These reconciliations are included in the “Reconciliations of Non-GAAP Measures” tables within this press release.

“Adjusted EBITDA” is defined as net income (loss) plus net interest expense, income tax provision (benefit), depreciation and amortization, equity-based compensation, severance and contract termination costs, acquisition-related costs, net (gain) loss on asset sales and disposals, system conversion costs, net equity method investment (income) loss, asset impairments, executive search and transition costs, MBI integration costs, net other (income) expense and any special items, as applicable, as provided in the “Reconciliations of Non-GAAP Measures” tables within this press release. Executive search and transition costs consist of expenses incurred in connection with changes in executive leadership, including make-whole payment, severance and other separation benefits and costs related to executive search and onboarding. MBI integration costs consist of expenses for planning and implementing system conversion, rebranding, employee-related costs (including severance and retention) and other professional fees incurred in connection with the integration of MBI. These costs are associated with discrete events and are incremental to normal, recurring operating expenses and as such, are excluded from Adjusted EBITDA. Adjusted EBITDA eliminates the significant non-cash depreciation and amortization expense that results from the capital-intensive nature of the Company’s business as well as other non-cash or special items and is unaffected by the Company’s capital structure or investment activities. This measure is limited in that it does not reflect the periodic costs of certain capitalized tangible and intangible assets used in generating revenues and the Company’s cash cost of debt financing. These costs are evaluated through other financial measures.

“Adjusted EBITDA margin” is defined as Adjusted EBITDA divided by total revenues.

“Adjusted EBITDA less capital expenditures,” when used as a liquidity measure, is calculated as net cash provided by operating activities excluding the impact of capital expenditures, net interest expense, income tax provision (benefit), changes in operating assets and liabilities, change in deferred income taxes and any special items, as applicable, as provided in the “Reconciliations of Non-GAAP Measures” tables within this press release.

“Capital expenditures as a percentage of Adjusted EBITDA” is defined as capital expenditures divided by Adjusted EBITDA.

The Company uses Adjusted EBITDA, Adjusted EBITDA margin, Adjusted EBITDA less capital expenditures and capital expenditures as a percentage of Adjusted EBITDA to assess its performance, and it also uses Adjusted EBITDA less capital expenditures as an indicator of its ability to fund operations and make additional investments with internally generated funds. In addition, Adjusted EBITDA generally correlates to the measure used in the leverage ratio calculations under the Company’s credit agreement and the indenture governing the Company’s non-convertible senior unsecured notes to determine compliance with the covenants contained in the credit agreement and the ability to take certain actions under the indenture governing the non-convertible senior unsecured notes. Adjusted EBITDA, capital expenditures as a percentage of Adjusted EBITDA and Adjusted EBITDA less capital expenditures are also significant performance measures that have been used by the Company in its incentive compensation programs. Adjusted EBITDA does not take into account cash used for mandatory debt service requirements or other non-discretionary expenditures, and thus does not represent residual funds available for discretionary uses.

The Company believes that Adjusted EBITDA, Adjusted EBITDA margin and capital expenditures as a percentage of Adjusted EBITDA are useful to investors in evaluating the operating performance of the Company. The Company believes that Adjusted EBITDA less capital expenditures is useful to investors as it shows the Company’s performance while taking into account cash outflows for capital expenditures and is one of several indicators of the Company’s ability to service debt, make investments and/or return capital to its stockholders.

Adjusted EBITDA, Adjusted EBITDA margin, Adjusted EBITDA less capital expenditures, capital expenditures as a percentage of Adjusted EBITDA and similar measures with similar titles are common measures used by investors, analysts and peers to compare performance in the Company’s industry, although the Company’s measures of Adjusted EBITDA, Adjusted EBITDA margin, Adjusted EBITDA less capital expenditures and capital expenditures as a percentage of Adjusted EBITDA may not be directly comparable to similarly titled measures reported by other companies.

About Cable One

Cable One, Inc. (NYSE:CABO) is a leading broadband communications provider delivering exceptional service and enabling approximately 1 million residential and business customers across 24 states to thrive and stay connected to what matters most. Through Sparklight®, the brand our customers know and trust, we're not just shaping the future of connectivity–we're transforming it with a commitment to innovation, reliability and customer experience at our core.

Our robust infrastructure and cutting-edge technology don’t just keep our customers connected; they drive progress in education, business and everyday life. We’re dedicated to bridging the digital divide, empowering our communities and fostering a more connected world. When our customers choose Cable One, they are choosing a team that is always working for them–one that believes in the relentless pursuit of reliability, because being a trusted neighbor isn’t just what we do–it’s who we are.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This communication and the related conference call may contain “forward-looking statements” that involve risks and uncertainties. These statements can be identified by the fact that they do not relate strictly to historical or current facts, but rather are based on current expectations, estimates, assumptions and projections about the Company’s industry, business, strategy, technologies, acquisitions and strategic investments, market expansion plans, dividend policy, capital allocation, financing strategy, the purchase price payable pursuant to the Put Option, which was exercised on January 2, 2026 (such purchase price, the “Put Price”) and the anticipated timeline to consummate such transaction, the Company's ability and sources of capital to fund the Put Price, MBI’s future indebtedness and the Company's financial results and financial condition. Forward-looking statements often include words such as “will,” “should,” “anticipates,” “estimates,” “expects,” “projects,” “intends,” “plans,” “believes” and words and terms of similar substance in connection with discussions of future operating or financial performance. As with any projection or forecast, forward-looking statements are inherently susceptible to uncertainty and changes in circumstances. The Company’s actual results may vary materially from those expressed or implied in its forward-looking statements. Accordingly, undue reliance should not be placed on any forward-looking statement made by the Company or on its behalf. Important factors that could cause the Company’s actual results to differ materially from those in its forward-looking statements include government regulation, economic, strategic, political and social conditions and the following factors, which are discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2025 as filed with the SEC on February 26, 2026 (the "2025 Form 10-K"):

rising levels of competition from historical and new entrants in the Company’s markets; recent and future changes in technology, and the Company's ability to develop, deploy and operate new technologies, service offerings and customer service platforms; risks associated with the Company's use of artificial intelligence; the Company’s ability to grow its residential data and business data revenues and customer base; increases in programming costs and retransmission fees; the Company’s ability to obtain hardware, software and operational support from vendors, including the potential impacts of changes in trade policy and tariffs; risks relating to existing or future acquisitions and strategic investments by the Company, including risks associated with the exercise of the Put Option and the acquisition and integration of MBI; the integrity and security of the Company’s network and information systems; the impact of possible security breaches and other disruptions, including cyber-attacks; the Company’s failure to obtain necessary intellectual and proprietary rights to operate its business and the risk of intellectual property claims and litigation against the Company; the Company's ability to maintain effective internal control over financial reporting and disclosure controls and procedures; impairments of intangible assets and goodwill; legislative or regulatory efforts to impose new requirements on the Company’s data services; additional regulation of the Company’s video and voice services or changes to government subsidy programs; the Company’s ability to renew cable system franchises; increases in pole attachment costs; changes in local governmental franchising authority and broadcast carriage regulations; the potential adverse effect of the Company’s level of indebtedness on its business, financial condition or results of operations and cash flows; the restrictions the terms of the Company’s indebtedness place on its business and corporate actions; the possibility that interest rates will rise, causing the Company’s obligations to service its variable rate indebtedness to increase significantly; risks associated with the Company’s convertible indebtedness; the Company’s ability to pay dividends; our sustained reduced stock price; provisions in the Company’s charter, by-laws and Delaware law that could discourage takeovers and limit the judicial forum for certain disputes; adverse economic conditions, labor shortages, supply chain disruptions, changes in rates of inflation and the level of move activity in the housing sector; pandemics, epidemics or disease outbreaks, such as the COVID-19 pandemic, have, and may in the future, disrupt the Company's business and operations, which could materially affect the Company's business, financial condition, results of operations and cash flows; lower demand for the Company's residential data and business data products; fluctuations in the Company’s stock price; dilution from equity awards, convertible indebtedness and potential future convertible debt and stock issuances; damage to the Company’s reputation or brand image; the Company’s ability to retain key employees (whom the Company refers to as associates); the Company's ability to successfully transition to its new Chief Executive Officer; the Company’s ability to incur future indebtedness; provisions in the Company’s charter that could limit the liabilities for directors; and the other risks and uncertainties detailed from time to time in the Company’s filings with the SEC, including but not limited to those described under "Risk Factors" in the 2025 Form 10-K and in its subsequent filings with the SEC. Any forward-looking statements made by the Company in this communication speak only as of the date on which they are made. The Company is under no obligation, and expressly disclaims any obligation, except as required by law, to update or alter its forward-looking statements, whether as a result of new information, subsequent events or otherwise.

CABLE ONE, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

(Unaudited)

  Three Months Ended June 30,

(dollars in thousands, except per share data)

2026

2025

Change

% Change

Revenues:

Residential data

$

212,604

$

229,336

$

(16,732

)

(7.3

)%

Residential video

38,487

48,158

(9,671

)

(20.1

)%

Residential voice

6,266

6,733

(467

)

(6.9

)%

Business data

53,597

57,385

(3,788

)

(6.6

)%

Business other

14,199

16,515

(2,316

)

(14.0

)%

Other

23,773

22,945

828

3.6

%

Total Revenues

348,926

381,072

(32,146

)

(8.4

)%

Costs and Expenses:

Operating (excluding depreciation and amortization)

98,725

102,356

(3,631

)

(3.5

)%

Selling, general and administrative

87,649

91,996

(4,347

)

(4.7

)%

Depreciation and amortization

81,781

86,118

(4,337

)

(5.0

)%

(Gain) loss on asset sales and disposals, net

7,973

3,908

4,065

104.0

%

Asset impairments

597,715

586,017

11,698

2.0

%

Total Costs and Expenses

873,843

870,395

3,448

0.4

%

Loss from operations

(524,917

)

(489,323

)

(35,594

)

7.3

%

Interest expense, net

(33,737

)

(33,905

)

168

(0.5

)%

Other income (expense), net

(431,590

)

(11,372

)

(420,218

)

NM

Loss before income taxes and equity method investment income (loss), net

(990,244

)

(534,600

)

(455,644

)

85.2

%

Income tax benefit

109,521

117,575

(8,054

)

(6.9

)%

Loss before equity method investment income (loss), net

(880,723

)

(417,025

)

(463,698

)

111.2

%

Equity method investment income (loss), net

(283,853

)

(20,951

)

(262,902

)

NM

Net loss

$

(1,164,576

)

$

(437,976

)

$

(726,600

)

165.9

%

Net Loss per Common Share:

Basic

$

(204.35

)

$

(77.70

)

$

(126.65

)

163.0

%

Diluted

$

(204.35

)

$

(77.70

)

$

(126.65

)

163.0

%

Weighted Average Common Shares Outstanding:

Basic

5,698,814

5,636,683

62,131

1.1

%

Diluted

5,698,814

5,636,683

62,131

1.1

%

Unrealized gain (loss) on cash flow hedges and other, net of tax

6,439

(10,108

)

16,547

(163.7

)%

Comprehensive loss

$

(1,158,137

)

$

(448,084

)

$

(710,053

)

158.5

%

CABLE ONE, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

  (dollars in thousands, except par values)

June 30, 2026

December 31, 2025

Assets

Current Assets:

Cash and cash equivalents

$

166,191

$

152,769

Accounts receivable, net

55,565

58,578

Prepaid and other current assets

61,876

95,238

Total Current Assets

283,632

306,585

Equity investments

298,632

613,841

Property, plant and equipment, net

1,780,529

1,784,201

Intangible assets, net

1,407,500

1,974,359

Goodwill

769,111

840,826

Other noncurrent assets

83,408

68,541

Total Assets

$

4,622,812

$

5,588,353

Liabilities and Stockholders' Equity

Current Liabilities:

Accounts payable and accrued liabilities

$

135,643

$

143,058

MBI option liability

425,970

—

Deferred revenue

17,193

22,731

Current portion of long-term debt

18,060

593,535

Total Current Liabilities

596,866

759,324

Long-term debt

3,027,125

2,600,392

Deferred income taxes

642,257

769,924

Other noncurrent liabilities

30,179

25,075

Total Liabilities

4,296,427

4,154,715

Commitments and contingencies

Stockholders' Equity:

Preferred stock ($0.01 par value; 4,000,000 shares authorized; none issued or outstanding)

—

—

Common stock ($0.01 par value; 40,000,000 shares authorized; 6,175,399 shares issued; and 5,673,367 and 5,635,219 shares outstanding as of June 30, 2026 and December 31, 2025, respectively)

62

62

Additional paid-in capital

693,870

681,866

Retained earnings

205,751

1,334,553

Accumulated other comprehensive income (loss)

29,965

19,450

Treasury stock, at cost (502,032 and 540,180 shares held as of June 30, 2026 and December 31, 2025, respectively)

(603,263

)

(602,293

)

Total Stockholders' Equity

326,385

1,433,638

Total Liabilities and Stockholders' Equity

$

4,622,812

$

5,588,353

CABLE ONE, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

  Three Months Ended June 30,

(in thousands)

2026

2025

Cash flows from operating activities:

Net loss

$

(1,164,576

)

$

(437,976

)

Adjustments to reconcile net loss to net cash provided by operating activities:

Depreciation and amortization

81,781

86,118

Amortization of debt discount and issuance costs

1,532

2,283

Equity-based compensation

5,014

10,048

Gain on debt extinguishments

(19,861

)

(3,856

)

Change in deferred income taxes

(128,741

)

(140,217

)

(Gain) loss on asset sales and disposals, net

7,973

3,908

Gain on sale of fiber-to-the-tower contract rights

(1,003

)

—

Equity method investment (income) loss, net

283,853

20,951

Fair value adjustments

451,659

15,335

Asset impairments

597,715

586,017

Changes in operating assets and liabilities:

Accounts receivable, net

(5,204

)

(9,539

)

Prepaid and other current assets

7,897

7,068

Accounts payable and accrued liabilities

8,677

8,730

Deferred revenue

(4,070

)

(1,188

)

Other

(1,789

)

(2,740

)

Net cash provided by operating activities

120,857

144,942

Cash flows from investing activities:

Capital expenditures

(74,002

)

(68,374

)

Change in accrued expenses related to capital expenditures

(4,524

)

(5,912

)

Proceeds from sales of property, plant and equipment

996

249

Net cash provided by (used in) investing activities

(77,530

)

(74,037

)

Cash flows from financing activities:

Debt repayments

(42,719

)

(67,087

)

Payment of withholding tax for equity awards

(18

)

(30

)

Net cash used in financing activities

(42,737

)

(67,117

)

Change in cash and cash equivalents

590

3,788

Cash and cash equivalents, beginning of period

165,601

149,088

Cash and cash equivalents, end of period

$

166,191

$

152,876

Supplemental cash flow disclosures:

Cash paid for interest, net of capitalized interest

$

41,032

$

40,465

Cash paid for income taxes, net of refunds received

$

10,602

$

22,421

CABLE ONE, INC.

RECONCILIATIONS OF NON-GAAP MEASURES

(Unaudited)

  Three Months Ended June 30,

(dollars in thousands)

2026

2025

$ Change

% Change

Net loss

$

(1,164,576

)

$

(437,976

)

$

(726,600

)

165.9

%

Net profit margin

(333.8

)%

(114.9

)%

Plus: Interest expense, net

33,737

33,905

(168

)

(0.5

)%

Income tax benefit

(109,521

)

(117,575

)

8,054

(6.9

)%

Depreciation and amortization

81,781

86,118

(4,337

)

(5.0

)%

Equity-based compensation

5,014

10,048

(5,034

)

(50.1

)%

Severance and contract termination costs

2,962

—

2,962

NM

Acquisition-related costs

447

95

352

NM

(Gain) loss on asset sales and disposals, net

7,973

3,908

4,065

104.0

%

System conversion costs

191

6,183

(5,992

)

(96.9

)%

Equity method investment (income) loss, net

283,853

20,951

262,902

NM

Asset impairments

597,715

586,017

11,698

2.0

%

Executive search and transition costs

190

168

22

13.1

%

MBI integration costs

2,104

—

2,104

NM

Other (income) expense, net

431,590

11,372

420,218

NM

Adjusted EBITDA

$

173,460

$

203,214

$

(29,754

)

(14.6

)%

Adjusted EBITDA margin

49.7

%

53.3

%

Less: Capital expenditures

$

74,002

$

68,374

$

5,628

8.2

%

Capital expenditures as a percentage of net loss

(6.4

)%

(15.6

)%

Capital expenditures as a percentage of Adjusted EBITDA

42.7

%

33.6

%

Adjusted EBITDA less capital expenditures

$

99,458

$

134,840

$

(35,382

)

(26.2

)%

CABLE ONE, INC.

RECONCILIATIONS OF NON-GAAP MEASURES (continued)

(Unaudited)

  Three Months Ended June 30,

(dollars in thousands)

2026

2025

$ Change

% Change

Net cash provided by operating activities

$

120,857

$

144,942

$

(24,085

)

(16.6

)%

Capital expenditures

(74,002

)

(68,374

)

(5,628

)

8.2

%

Interest expense, net

33,737

33,905

(168

)

(0.5

)%

Amortization of debt discount and issuance costs

(1,532

)

(2,283

)

751

(32.9

)%

Income tax benefit

(109,521

)

(117,575

)

8,054

(6.9

)%

Changes in operating assets and liabilities

(5,511

)

(2,331

)

(3,180

)

136.4

%

Gain on debt extinguishments

19,861

3,856

16,005

NM

Change in deferred income taxes

128,741

140,217

(11,476

)

(8.2

)%

Acquisition-related costs

447

95

352

NM

Severance and contract termination costs

2,962

—

2,962

NM

System conversion costs

191

6,183

(5,992

)

(96.9

)%

Fair value adjustments

(451,659

)

(15,335

)

(436,324

)

NM

Executive search and transition costs

190

168

22

13.1

%

MBI integration costs

2,104

—

2,104

NM

Gain on sale of fiber-to-the-tower contract rights

1,003

—

1,003

NM

Other (income) expense, net

431,590

11,372

420,218

NM

Adjusted EBITDA less capital expenditures

$

99,458

$

134,840

$

(35,382

)

(26.2

)%

CABLE ONE, INC.

OPERATING STATISTICS

(Unaudited)

  As of June 30,

(in thousands, except percentages and ARPU data)

2026

2025

Change

% Change

Passings(1)

2,847.0

2,870.5

(23.5

)

(0.8

)%

Residential Customers

887.4

955.8

(68.4

)

(7.2

)%

Data PSUs

870.0

932.0

(62.0

)

(6.6

)%

Video PSUs

73.5

96.2

(22.8

)

(23.7

)%

Voice PSUs

50.7

62.1

(11.4

)

(18.4

)%

Total residential PSUs

994.2

1,090.4

(96.2

)

(8.8

)%

Business Customers

105.9

104.7

1.3

1.2

%

Data PSUs

98.2

99.3

(1.1

)

(1.1

)%

Video PSUs

4.1

6.1

(1.9

)

(31.9

)%

Voice PSUs

36.7

37.3

(0.6

)

(1.7

)%

Total business services PSUs

139.0

142.7

(3.7

)

(2.6

)%

Total Customers

993.3

1,060.5

(67.1

)

(6.3

)%

Total non-video

915.6

955.0

(39.4

)

(4.1

)%

Percent of total

92.2

%

90.1

%

2.1

%

Data PSUs

968.2

1,031.3

(63.1

)

(6.1

)%

Video PSUs

77.6

102.3

(24.7

)

(24.2

)%

Voice PSUs

87.4

99.4

(12.1

)

(12.1

)%

Total PSUs

1,133.2

1,233.0

(99.8

)

(8.1

)%

Residential Penetration

Data

30.6

%

32.5

%

(1.9

)%

Video

2.6

%

3.4

%

(0.8

)%

Voice

1.8

%

2.2

%

(0.4

)%

Share of Second Quarter Revenues

Residential data

60.9

%

60.2

%

0.7

%

Business services

19.4

%

19.4

%

—

%

Total

80.4

%

79.6

%

0.8

%

ARPU - Second Quarter

Residential data(2)

$

80.56

$

81.23

$

(0.67

)

(0.8

)%

Residential video(2)

$

169.33

$

162.52

$

6.81

4.2

%

Residential voice(2)

$

40.05

$

35.41

$

4.64

13.1

%

Business services(3) (4)

$

212.75

$

234.93

$

(22.18

)

(9.4

)%

__________________

Note: All totals, percentages and year-over-year changes are calculated using exact numbers. Minor differences may exist due to rounding.   (1) Passings represent the estimated number of serviceable and marketable homes and businesses passed by the Company's active plant based on available information. Beginning in the third quarter of 2025, the Company began using an external reporting service for determining reported passings. The service provider generates updated counts biannually, during the first and third quarters of each year. Therefore, going forward the Company's reported passings for the second and fourth quarters of the year will remain unchanged from the preceding sequential quarter. Passings as of June 30, 2026 reflect certain refinements to the service provider's counting methodology during the first quarter of 2026.

(2) Average revenue per unit ("ARPU") values represent the applicable quarterly residential service revenues (excluding installation and activation fees) divided by the corresponding average of the number of PSUs at the beginning and end of each period, divided by three, except that for any PSUs added or subtracted as a result of an acquisition or divestiture occurring during the period, the associated ARPU values represent the applicable residential service revenues (excluding installation and activation fees) divided by the pro-rated average number of PSUs during such period.

(3) ARPU values represent quarterly business services revenues divided by the average of the number of business customer relationships at the beginning and end of each period, divided by three, except that for any business customer relationships added or subtracted as a result of an acquisition or divestiture occurring during the period, the associated ARPU values represent business services revenues divided by the pro-rated average number of business customer relationships during such period.

(4) In March 2026, the Company sold certain fiber-to-the-tower contract rights for cash proceeds of $42.0 million. Such contracts generated $9.0 million of business data revenues during 2025.

More News From Cable One, Inc.

Cable One shares have rebounded after a debt exchange but remain deeply discounted due to high leverage and broadband headwinds. MBI acquisition increases CABO's leverage above 4.5x, prompting credit downgrades and intensifying balance sheet risk. Broadband and video subscriber declines, coupled with rising competition, pressure revenue and margins; stabilization is critical for valuation recovery.

The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Cable One (CABO - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

Cable One is a member of our Consumer Discretionary group, which includes 258 different companies and currently sits at #7 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Cable One is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for CABO's full-year earnings has moved 10% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Our latest available data shows that CABO has returned about 1.4% since the start of the calendar year. Meanwhile, the Consumer Discretionary sector has returned an average of -5.7% on a year-to-date basis. This means that Cable One is outperforming the sector as a whole this year.

One other Consumer Discretionary stock that has outperformed the sector so far this year is LiveOne (LVO - Free Report) . The stock is up 10% year-to-date.

The consensus estimate for LiveOne's current year EPS has increased 11.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

To break things down more, Cable One belongs to the Cable Television industry, a group that includes 4 individual companies and currently sits at #86 in the Zacks Industry Rank. This group has gained an average of 3.8% so far this year, so CABO is slightly underperforming its industry in this area.

On the other hand, LiveOne belongs to the Audio Video Production industry. This 6-stock industry is currently ranked #16. The industry has moved -15.5% year to date.

Investors interested in the Consumer Discretionary sector may want to keep a close eye on Cable One and LiveOne as they attempt to continue their solid performance.

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:

Taboola.com Ltd. (TBLA - Free Report) : This company which operates as an artificial intelligence-based algorithmic engine platform has seen the Zacks Consensus Estimate for its current year earnings increasing 22.5% over the last 60 days.

Mercury General Corporation (MCY - Free Report) : This automobile-focused property and casualty insurer from the United States has seen the Zacks Consensus Estimate for its current year earnings increasing 7.1% over the last 60 days.

DXP Enterprises, Inc. (DXPE - Free Report) : This distributor of maintenance, repair, and operating products, equipment, and services to energy and industrial customers has seen the Zacks Consensus Estimate for its current year earnings increasing 17.2% over the last 60 days.

Cable One, Inc. (CABO - Free Report) : This data, video, and voice services company has seen the Zacks Consensus Estimate for its current year earnings increasing nearly 10% over the last 60 days.

Q32 Bio Inc. (QTTB - Free Report) : This biotechnology company has seen the Zacks Consensus Estimate for its current year earnings increasing 22.9% over the last 60 days.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Shares of Cable One, Inc. (NYSE: CABO - Get Free Report) have earned a consensus recommendation of "Reduce" from the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a strong

DAVENPORT and Co LLC cut its position in shares of Cable One, Inc. (NYSE: CABO) by 6.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 254,032 shares of the company's stock after selling 17,691 shares during the period. DAVENPORT

Cable One (CABO - Free Report) closed the last trading session at $96.24, gaining 5.9% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $180.5 indicates an 87.6% upside potential.

The mean estimate comprises four short-term price targets with a standard deviation of $118.59. While the lowest estimate of $90.00 indicates a 6.5% decline from the current price level, the most optimistic analyst expects the stock to surge 268.9% to reach $355.00. It's very important to note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.

While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.

However, an impressive consensus price target is not the only factor that indicates a potential upside in CABO. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside.

Price, Consensus and EPS Surprise

Here's What You Should Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.

While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?

They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.

However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.

That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.

Why CABO Could Witness a Solid UpsideThere has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

The Zacks Consensus Estimate for the current year has increased 30.1% over the past month, as one estimate has gone higher compared to no negative revision.

Moreover, CABO currently has a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Therefore, while the consensus price target may not be a reliable indicator of how much CABO could gain, the direction of price movement it implies does appear to be a good guide.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.

Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.

One company to watch right now is Cable One (CABO - Free Report) . CABO is currently sporting a Zacks Rank #2 (Buy), as well as an A grade for Value. The stock holds a P/E ratio of 4.01, while its industry has an average P/E of 6.81. CABO's Forward P/E has been as high as 11.51 and as low as 3.61, with a median of 7.64, all within the past year.

Investors should also recognize that CABO has a P/B ratio of 0.71. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 1.25. Within the past 52 weeks, CABO's P/B has been as high as 1.27 and as low as 0.40, with a median of 0.84.

Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a preferred metric because revenue can't really be manipulated, so sales are often a truer performance indicator. CABO has a P/S ratio of 0.35. This compares to its industry's average P/S of 0.81.

These are only a few of the key metrics included in Cable One's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, CABO looks like an impressive value stock at the moment.

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PHOENIX--(BUSINESS WIRE)--Cable One, Inc. (NYSE: CABO) will host a conference call with the financial community to discuss results for the first quarter 2026 on Thursday, April 30, 2026 at 5 p.m. Eastern Time (ET). Cable One will issue a press release reporting its results after market close on Thursday, April 30, 2026.

The conference call will be available via a live audio webcast on the Cable One Investor Relations website at ir.cableone.net or by dialing 1-833-461-5787 (International: 1-585-542-9983) and using the meeting ID 220734119. Participants should register for the webcast or dial in for the conference call shortly before 5 p.m. ET.

A replay of the call will be available from April 30, 2026 until May 28, 2026 at ir.cableone.net.

To automatically receive Cable One financial news by email, please visit the Cable One Investor Relations website and subscribe to Email Alerts.

About Cable One

Cable One, Inc. (NYSE:CABO) is a leading broadband communications provider delivering exceptional service and enabling more than 1 million residential and business customers across 24 states to thrive and stay connected to what matters most. Through Sparklight®, the brand our customers know and trust, we’re not just shaping the future of connectivity – we’re transforming it with a commitment to innovation, reliability and customer experience at our core.

Our robust infrastructure and cutting-edge technology don’t just keep our customers connected; they help drive progress in education, business and everyday life. We’re dedicated to bridging the digital divide, empowering our communities and fostering a more connected world. When our customers choose Cable One, they are choosing a team that is always working for them – one that believes in the relentless pursuit of reliability, because being a trusted neighbor isn’t just what we do – it’s who we are.

More News From Cable One, Inc.

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Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.

Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.

Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.

One stock to keep an eye on is Cable One (CABO - Free Report) . CABO is currently sporting a Zacks Rank #2 (Buy), as well as a Value grade of A. The stock is trading with P/E ratio of 4.01 right now. For comparison, its industry sports an average P/E of 6.24. Over the last 12 months, CABO's Forward P/E has been as high as 11.51 and as low as 3.61, with a median of 7.64.

We should also highlight that CABO has a P/B ratio of 0.71. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 1.17. Within the past 52 weeks, CABO's P/B has been as high as 1.27 and as low as 0.40, with a median of 0.84.

Value investors also use the P/S ratio. The P/S ratio is calculated as price divided by sales. This is a preferred metric because revenue can't really be manipulated, so sales are often a truer performance indicator. CABO has a P/S ratio of 0.37. This compares to its industry's average P/S of 0.79.

Value investors will likely look at more than just these metrics, but the above data helps show that Cable One is likely undervalued currently. And when considering the strength of its earnings outlook, CABO sticks out as one of the market's strongest value stocks.

Cable One (CABO - Free Report) came out with quarterly earnings of $6.12 per share, missing the Zacks Consensus Estimate of $7.77 per share. This compares to earnings of $12.32 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -21.24%. A quarter ago, it was expected that this telecommunications company would post earnings of $7.6 per share when it actually produced a loss of $1.35, delivering a surprise of -117.76%.

Over the last four quarters, the company has not been able to surpass consensus EPS estimates.

Cable One, which belongs to the Zacks Cable Television industry, posted revenues of $352.96 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 1.89%. This compares to year-ago revenues of $380.6 million. The company has topped consensus revenue estimates just once over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Cable One shares have lost about 20.2% since the beginning of the year versus the S&P 500's gain of 4.2%.

What's Next for Cable One?While Cable One has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Cable One was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $7.68 on $357.79 million in revenues for the coming quarter and $33.39 on $1.41 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Cable Television is currently in the bottom 23% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the broader Zacks Consumer Discretionary sector, Johnson Outdoor (JOUT - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on May 8.

This outdoor gear company is expected to post quarterly earnings of $0.87 per share in its upcoming report, which represents a year-over-year change of +295.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Johnson Outdoor's revenues are expected to be $181.93 million, up 8.1% from the year-ago quarter.

Cable One, Inc. (CABO) Q1 2026 Earnings Call Transcript