Cable One Loses 4,200 Subs, Liberty’s GCI Down 700
Alaska-based GCI is set to be spun off this summer as Charter proceeds with its Liberty acquisition.
WASHINGTON, Feb. 28, 2025 – Cable One lost 4,200 broadband subscribers in the fourth quarter of 2024, the company announced Thursday. The cable operator ended the year with 1,055,200 residential and business broadband customers.
MoffettNathanson’s Craig Moffett noted the company’s broadband losses haven’t been as bad as Comcast and Charter, but he lamented Cable One’s lack of a mobile offering. The cable giants offer wireless service through deals with Verizon, which appears to help with customer retention and revenue per user.
“A Cable One’s competitors increasingly lean into convergence themselves, Cable One’s lack of a wireless offering is leaving them at a growing disadvantage,” Moffett wrote. “Granted, that’s only in some of their footprint. But why not make convergence an advantage instead of a deficiency?”
