Earnings Call Summary | Cable One(CABO.US) Q1 2024 Earnings Conference
Earnings Call Summary | Cable One(CABO.US) Q1 2024 Earnings Conference
The following is a summary of the Cable One, Inc. (CABO) Q1 2024 Earnings Call Transcript:
以下是Cable One, Inc.（CABO）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Cable One reported Q1 2024 total revenues of $404.3 million, a decrease from $421.9 million in Q1 2023, primarily due to losses in video subscribers.
Residential video revenues dropped 14.1% to $9.9 million year-over-year.
Residential data revenues declined 2.8% year-over-year to $6.9 million, driven by a 2.7% decrease in average revenue per unit.
Business data revenues grew by $2 million or 3.7% compared to Q1 2023.
Operating expenses were $106.5 million or 26.3% of revenues, a 30 basis point improvement primarily due to a $9.2 million decrease in programming costs.
Net income for Q1 2024 was $47.3 million, down from $57.4 million in Q1 2023.
Adjusted EBITDA was $217.1 million for Q1 2024, representing a margin of 53.7%, compared to $228.8 million, a 54.2% margin in the year-ago quarter.
Cable One報告稱，2024年第一季度的總收入爲4.043億美元，低於2023年第一季度的4.219億美元，這主要是由於視頻訂戶的流失。
住宅視頻收入同比下降14.1％，至990萬美元。
住宅數據收入同比下降2.8％，至690萬美元，受單位平均收入下降2.7％的推動。
與2023年第一季度相比，業務數據收入增長了200萬美元，增長了3.7％。
運營支出爲1.065億美元，佔收入的26.3％，增長了30個點子，這主要是由於節目成本減少了920萬美元。
2024年第一季度的淨收入爲4,730萬美元，低於2023年第一季度的5,740萬美元。
2024年第一季度調整後的息稅折舊攤銷前利潤爲2.171億美元，利潤率爲53.7％，而去年同期爲2.288億美元，利潤率爲54.2％。
Business Progress:
業務進展：
Positive momentum in residential broadband customer growth and free cash flow growth was reported.
Significant infrastructure investments have been made, with plans to roll out DOCSIS 4.0 and 10 gigabit speed offerings.
Investments into software platforms that serve as catalysts for digital transformation have been increasingly directed.
A significant project of consolidating billing technology onto a single platform is underway, expected to streamline operations and deliver savings.
Cable One is considering acquiring the remaining 55% stake in Mega Broadband Investments (MBI), subject to the positive performance and potential growth of the company.
After reporting growth in residential broadband subscribers each month this quarter, Cable One expects continued momentum in subscriber gains.
Cable One has started focusing on the value-conscious market segment, which led to a substantial increase in first-quarter connections.
They mentioned introducing promo prices, some of which shall roll off over time and lead to likely upgrades from customers.
據報道，住宅寬帶客戶增長和自由現金流增長勢頭良好。
已經進行了大量基礎設施投資，並計劃推出DOCSIS 4.0和萬兆位速度產品。
對作爲數字化轉型催化劑的軟件平台的投資越來越多。
將計費技術整合到單一平台的重要項目正在進行中，預計將簡化運營並節省開支。
Cable One正在考慮收購超級寬帶投資（MBI）剩餘的55％股份，前提是該公司的積極表現和潛在增長。
在報告本季度住宅寬帶用戶每月增長之後，Cable One預計用戶增長勢頭將持續增長。
Cable One已開始專注於注重價值的細分市場，這導致第一季度連接量大幅增加。
他們提到了推出促銷價格，其中一些價格將隨着時間的推移而降低，並可能導致客戶升級。
More details: Cable One IR
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譯文內容由第三人軟體翻譯。