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Exhibit 99.1 Cable One ™ Cable One Reports Third Quarter 2021 Results November 4 , 2021 - PHOENIX - ( BUSINESS WIRE ) operating results for the quarter ended September 30 , 2021 . _ · Cable One , Inc. ( NYSE : CABO ) ( the “ Company ” or “ Cable One " ) today reported financial and Cable One contributed its Anniston , Alabama system ( the " Anniston System " ) to Hargray Communications , a data , video and voice services provider ( " Hargray " ) , in exchange for an equity interest in Hargray on October 1 , 2020 ( the " Anniston Exchange " ) , and acquired the remaining equity interests in Hargray that it did not already own ( the " Hargray Acquisition " ) on May 3 , 2021. The results discussed below and presented in the tables within this press release include Hargray operations ( which includes the Anniston System ) for the period since the May 3 , 2021 acquisition date and otherwise excludes the Anniston System operations for the periods since the October 1 , 2020 disposition date . Third Quarter 2021 Highlights : • Total revenues were $ 430.2 million in the third quarter of 2021 compared to $ 339.0 million in the third quarter of 2020 , an increase of 26.9 % . Revenues for the third quarter of 2021 included $ 78.4 million from Hargray operations and revenues for the third quarter of 2020 included $ 9.4 million from the Anniston System . Year - over - year , residential data revenues increased 26.0 % and business services revenues increased 44.2 % . Residential data and business services revenues for the third quarter of 2021 included $ 27.8 million and $ 22.8 million , respectively , from Hargray operations . Residential data and business services revenues for the third quarter of 2020 included $ 4.3 million and $ 1.4 million , respectively , from the Anniston System . Net income was $ 52.3 million in the third quarter of 2021 ( including $ 6.0 million from Hargray operations ) , a decrease of 21.2 % year - over - year . Adjusted EBITDA ( 1 ) was $ 220.5 million in the third quarter of 2021 ( including $ 34.7 million from Hargray operations ) , an increase of 26.4 % year - over - year . Net profit margin was 12.1 % and Adjusted EBITDA margin ( 1 ) was 51.2 % . Net cash provided by operating activities was $ 182.7 million in the third quarter of 2021 , an increase of 44.1 % year - over - year . Adjusted EBITDA less capital expenditures ( 1 ) was $ 99.6 million in the third quarter of 2021 ( including $ 12.2 million from Hargray operations ) , a decrease of $ 0.2 million , or 0.2 % , compared to the third quarter of 2020 . • Residential data primary service units ( " PSUs " ) grew by approximately 13,000 , or 1.4 % , sequentially and grew by approximately 151,000 , or 19.2 % , year- over - year . Approximately 110,000 residential data PSUs were acquired in the Hargray Acquisition , of which approximately 19,000 were contributed to Hargray in the Anniston Exchange . Other Highlight : • On October 8 , 2021 , the Company entered into an agreement to purchase certain assets and assume certain liabilities from CableAmerica , a data , video and voice services provider in central Missouri , for $ 113.0 million in cash on a debt - free basis , subject to customary post - closing adjustments . The CableAmerica acquisition is expected to provide the Company opportunities for footprint expansion in Missouri , margin growth and potential cost synergy realization . The transaction is subject to customary closing conditions and is expected to be financed with cash on hand and close before the end of 2021 . ( 1 ) Adjusted EBITDA , Adjusted EBITDA margin and Adjusted EBITDA less capital expenditures are defined in the section of this press release entitled " Use of Non - GAAP Financial Measures . " Adjusted EBITDA and Adjusted EBITDA less capital expenditures are reconciled to net income , Adjusted EBITDA margin is reconciled to net profit margin and Adjusted EBITDA less capital expenditures is also reconciled to net cash provided by operating activities . Refer to the " Reconciliations of Non - GAAP Measures " tables within this press release . Third Quarter 2021 Financial Results Compared to Third Quarter 2020 Revenues increased $ 91.3 million , or 26.9 % , to $ 430.2 million for the third quarter of 2021. Revenues for the third quarter of 2021 included $ 78.4 million from Hargray operations and revenues for the third quarter of 2020 included $ 9.4 million from the Anniston System . The year - over - year increase was driven primarily by revenues from Hargray operations , residential data , business services and other revenue growth , partially offset by decreases in residential video and residential voice revenues . For the third quarter of 2021 and 2020 , residential data revenues comprised 51.1 % and 51.5 % of total revenues , respectively , and business services revenues comprised 19.9 % and 17.5 % of total revenues , respectively . 1