Cable One Reports Improved Customer Trends Amid Declining ARPU and High CapEx Outlook
Cable One (CABO) reported significant improvements in customer acquisition trends during the third quarter, achieving its strongest quarterly connect performance in 12 quarters. Although net additions remained negative, management noted that the trend is improving, marking the best net adds performance in seven quarters. Despite these operational gains, the company faces headwinds with Average Revenue Per User (ARPU) declining by approximately $2 sequentially. Looking ahead, Cable One expects full-year capital expenditures to remain in the high $200 million range as it continues its infrastructure and service investments.
Tickers: $CABO
Topics: customer trends quarterly performance subscriber growth