Revenue during the quarter went up marginally by 1.61 percent to $206.73 million from $203.44 million in the previous year period. Total expenses were 77.53 percent of quarterly revenues, up from 74.92 percent for the same period last year. That has resulted in a contraction of 261 basis points in operating margin to 22.47 percent.

Operating income for the quarter was $46.45 million, compared with $51.02 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $88.61 million compared with $87.98 million in the prior year period. At the same time, adjusted EBITDA margin contracted 38 basis points in the quarter to 42.86 percent from 43.25 percent in the last year period.

"We are pleased with our annual results demonstrating top line revenue growth and strong Adjusted EBITDA and margin expansion," said Julie Laulis, president and chief executive officer of Cable ONE. "We are also excited about our recent announcement of the planned acquisition of NewWave Communications, which will allow us to utilize our financial capacity for an acquisition that should be accretive to shareholder value."

Debt remains almost stable
Total debt of Cable One, Inc. remained almost stable for the quarter at $537.14 million, when compared with the last year period. Total debt was 38.44 percent of total assets as on Dec. 31, 2016, compared with 38.28 percent on Dec. 31, 2015. Debt to equity ratio was at 1.18 as on Dec. 31, 2016, down from 1.24 as on Dec. 31, 2015. Interest coverage ratio deteriorated to 6.12 for the quarter from 7 for the same period last year.