Revenue rose 7% and operating income jumped 35% at Cable One Inc. in the third quarter, fueled mainly by increases in its high-speed-data and digital-cable services.
Cable One, part of The Washington Post Co., said third-quarter revenue was $115.3 million compared with $107.6 million in the prior year. Revenue growth was offset by a decline in basic subscribers and Cable One’s decision to freeze basic rates for 2003.
Operating income was $22.5 million, up from $16.6 million a year ago.
Cable One finished the quarter with 212,700 digital subscribers, an increase of 8,800 over the prior quarter. High-speed-data customers increased by 15,700 to 121,700 customers in the period.
Cable One ended the quarter with 716,700 basic subscribers, lower than 721,000 as of Sept. 30, 2002, but higher than 714,500 at the end of June 2003.