Cable One Inc. said its capital expenditures (Capex) for the third quarter of 2022 totaled $100.5 million compared to $120.9 million for the third quarter of 2021.
Cable One, which invests in fiber-optic infrastructure, serves more than 1.1 million residential and business customers in 24 states as of September 30, 2022.
Cable One’s revenues were $424.7 million in the third quarter of 2022 compared to $430.2 million in the third quarter of 2021.
Cable One, a leading broadband communications provider under the Sparklight brand, said residential data revenues increased 6.3 percent and business services revenues decreased 11.5 percent.
Cable One reported net income of $70.6 million in the third quarter of 2022, an increase of 35.1 percent year-over-year.
Cable One said residential data primary service units (PSUs) grew by 30,000, or 3.2 percent. Cable One said 14,000 residential data PSUs were acquired in the CableAmerica acquisition and 8,700 residential data PSUs were contributed to Clearwave Fiber.
