Cable One CEO: Smaller Cable Operators Seeing 'Mixed Results' With Mobile
A mobile offering at Cable One doesn't seem likely in the near term. CEO During a call with analysts Thursday, Julie Laulis said Cable One is "certainly open to partnering with a mobile provider," but small and midsize cable operators…
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that have added mobile have seen "very mixed results." Announcing its most recent quarterly earnings, Laulis said, "The best use of our time is pursuing organic broadband revenue growth ... I don't think we need mobile to do it." The end of the Affordable Connectivity Program depressed Cable One Q4 results. It said revenue for the quarter was $387.2 million -- a drop from $411.8 million the same quarter a year earlier. CFO Todd Koetje said the loss of about 10,000 customers in 2024 due to ACP hurt residential data results. Excluding ACP losses and customer gains from a small acquisition, data customers grew by about 2,200 during the year, he noted. Cable One said it ended Q4 with 955,000 residential data customers, compared with 960,500 a year earlier; 107,500 residential video subscribers, down from 134,200; and 67,300 residential voice subscribers, down from 79,200.