Cable One, Inc. (NYSE:CABO) Q2 2022 Earnings Conference Call August 4, 2022 5:00 PM ET

Company Participants

Jordan Morkert – Investor Relations

Julie Laulis – President and Chief Executive Officer

Todd Koetje – Chief Financial Officer

Conference Call Participants

Dan Osley – Wells Fargo

Craig Moffett – MoffettNathanson

Frank Louthan – Raymond James

Brandon Nispel – KeyBanc Capital Bank

Operator

Good afternoon, ladies and gentlemen. Thank you for attending today's Cable One Second Quarter 2022 Earnings Call. My name is Tia, and I will be your moderator for today's call. All lines will be muted during the presentation portion of the call with an opportunity for questions and answers at the end. [Operator Instructions]

I would now like to pass the conference over to your host, Jordan Morkert with Cable One. Please go ahead, sir.

Jordan Morkert

Thank you, Tia. Good afternoon, and welcome to Cable One's Second Quarter 2022 Earnings Call. We're glad to have you join us as we review our results. Before we proceed, I would like to remind you that today's discussion contains forward-looking statements relating to future events that involve risks and uncertainties. You can find factors that could cause Cable One's actual results to differ materially from the forward-looking statements discussed during today's call in today's earnings release and in our recent SEC filings.

Cable One is under no obligation and expressly disclaims any obligation, except as required by law, to update or alter its forward-looking statements, whether as results of new information, future events or otherwise, additionally today's remarks will include a discussion of certain financial measures that are not presented in conformity with U.S. generally accepted accounting principles or GAAP. Reconciliations of non-GAAP financial measures discussed on this call to the most directly comparable GAAP measures can be found in our earnings release or on our website at ir.cableone.net.

Joining me on today's call is our President and CEO, Julie Laulis; and Todd Koetje, our CFO.

With that, let me turn the call over to Julie.

Julie Laulis

Hi, Jordan, and good afternoon, everyone. We appreciate you joining us for today's call. I'm going to ask for a little bit of grace as I tested positive for COVID on Tuesday. I am isolating and feel okay, but if I end up coughing, I apologize. Our second quarter of 2022 results reflect continued broadband customer and revenue growth at a more seasonally adjusted pre-pandemic levels. And we continue to generate industry-leading margins. Compared to the second quarter of 2021, total revenue increased 6.8%, adjusted EBITDA increased 6.7% and adjusted EBITDA margin was 53%.