Cable One, Inc. (NYSE: CABO)

Cable One, Inc. is a leading broadband communications provider that delivers data video and voice services to residential and business customers under the Sparklight brand. The company operates a technologically advanced fiber based network that enables it to offer high speed internet video and telephone services. It focuses on serving non metropolitan markets in 24 Western Midwestern and Southern states where it believes it can achieve attractive returns through reliable infrastructure and a customer centric approach.

The company generates substantially all of its revenues from three primary product lines. Residential data accounts for about sixty percent of total revenue business data contributes roughly fifteen percent and residential video represents about twelve percent. Additional revenue comes from residential voice services and other business offerings. The firm earns money by charging monthly subscription fees for internet video and voice plans and by selling value added services such as enhanced Wi Fi technical support and network security.

The company operates through the following segments:

• Residential Data provides high speed internet access to homes offering speeds up to one gigabit per second in all markets and multi gigabit options in more than half of its footprint. The service includes unlimited data plans advanced Wi Fi service and optional extras such as expert tech support and network security.

• Business Data serves small medium enterprise and wholesale customers with internet voice and video solutions delivered over fiber and hybrid fiber coaxial networks. It provides symmetrical speeds up to five gigabits per second over shared fiber and up to one hundred gigabits per second over dedicated fiber along with managed Wi Fi and hosted voice services.

• Residential Video offers Sparklight TV an internet protocol based service that streams live channels and on demand content through an app without requiring a set top box. Subscribers can access hundreds of channels including sports news and entertainment programming via a cloud based DVR.

Cable One holds a strong position in the markets it serves where it often faces limited wired competition as more than forty percent of its footprint lacks a rival offering broadband download speeds of one hundred megabits per second or higher. The company benefits from a fiber rich network with ample unused capacity which allows it to deliver speeds that exceed those of many mobile and fixed wireless providers. Its focus on non metropolitan areas reduces exposure to intense urban competition and enables it to maintain cost advantages while investing in network upgrades such as DOCSIS four point zero and expanding its fiber footprint.

As of the end of 2025 the company served approximately one million residential and business customers out of about 2.9 million homes and businesses passed by its network. Of these roughly 999 thousand subscribed to data services 88 thousand to video services and 94 thousand to voice services. The customer base consists of individual households and a variety of businesses ranging from small local shops to larger enterprises and wholesale carriers.