CABO reports sequential ARPU growth and debt reduction, offsetting ongoing residential broadband customer losses in Q2.
Cable One reduced its debt by $63 million in the second quarter, with nearly $60 million of that coming from principal payments. The company highlighted improving connect trends and rising average revenue per user (ARPU) as key positives amid persistent residential broadband subscriber declines.
Residential broadband ARPU increased sequentially, driven by promotional roll-offs and changes to the AutoPay Plus program. Business services also stabilized, supported by long-term contracts and a new unified communications product. The company expects most customers to be on multi-gig infrastructure by year-end without significant new capital spending.
Management emphasized disciplined investment and debt paydown as signs of stabilization, though subscriber losses remain a headwind. The report provided mixed signals for investors, balancing operational improvements against ongoing customer attrition.