Cable One, Inc. reported second quarter 2026 results showing a net loss of $1.16 billion, driven by $597.7 million in non-cash asset impairments and a $262.3 million impairment of its Mega Broadband Investments Holdings LLC equity interest. Total revenues declined 8.4% to $348.9 million, with residential data revenues falling 7.3% to $212.6 million due to subscriber losses. Adjusted EBITDA decreased 14.6% to $173.5 million, while net cash from operating activities dropped to $120.9 million. The company repaid $62.8 million in debt during the quarter and holds $166.2 million in cash against a gross debt balance of $3.06 billion. Cable One operates as a broadband communications provider delivering residential and business internet, video, and voice services across 24 states.
