Cable One(NYSE) CABO

Cable One helps people in smaller towns stay connected with fast internet and phone services. These essential tools serve families and businesses across 24 states. Most customers know the business through its Sparklight brand.

What’s in the Box?

• Residential Data: High-speed internet including Wi-Fi support for homes; accounts for 60.5% of revenue.
• Business Data: Networking and data tools for small companies and large enterprises; accounts for 15.9% of revenue.
• Residential Video: TV channels delivered through Sparklight TV, an internet-based streaming service; accounts for 11.6% of revenue.
• Residential Voice: Local and long-distance phone services with digital features like voicemail and caller ID.
• Mobile Service: Wireless phone plans offered to home internet customers for extra flexibility and value.

Recent Strategic Moves

• Exercised an option in January 2026 to acquire the remaining 55% of Mega Broadband Investments Holdings LLC.
• Agreed in December 2025 to trade its Clearwave Fiber stake for more equity in Point Broadband Holdings, LLC.
• Sold fiber-to-the-tower contract rights in March 2026 for $42 million to focus on core data services.
• Divested its interests in Northwest Fiber Holdco., LLC and MetroNet Systems, LLC during 2025.

Why Sparklight Stands Out

Cable One focuses on non-metropolitan markets where there is often less competition for high-speed fiber services. The company uses Sparklight TV to save network space, allowing for much faster internet download speeds.

By the Numbers

• Revenue was $353 million in Q1 2026, down 7.3% from the previous year.
• Net income reached $35.8 million in Q1 2026, up 1272.2% year-over-year.
• Operating income was $91 million in Q1 2026, down 10.4% from the prior year.
• Free cash flow reached $49.8 million in Q1 2026, up 2% year-over-year.
• Residential data customers totaled 887,100 as of March 31, 2026, a 6.1% decrease year-over-year.

The Big Picture

Cable One is transforming from a traditional cable company into a specialized provider of high-speed data. Its ongoing acquisitions and network upgrades support long-term growth in business and residential internet services.