Cable One bleeds subs as ARPU rises | Major Businesses | Business
By continuing to use this site you consent to the use of cookies on your device as described in our privacy policy unless you have disabled them. You can change your cookie settings at any time but parts of our site will not function correctly without them. [Close]
Phoenix-based regional cable company Cable One saw 30,277 video customers walk away in the second quarter – leaving it with just a mere 293,237.

cableone 11 august 2019However, average revenue per user was also up, by 4.9% year over year, to reach $71.80, as more customers migrated to the higher internet speed tiers.

Quarterly earnings came in at $6.35 per share, missing the Zacks Consensus Estimate of $7.76 per share. This compares to earnings of $7.65 per share a year ago.

Even so, Cable One's Q2 results showed that revenue was up 6.4% year over year to reach $285.7 million, as its broadband business stayed steady. Residential broadband revenue increased by 8.5% to reach $132.82 million, and Cable One added 20,393 customers in that segment.