Atlantic Broadband Finance, LLC Reports 2006 First Quarter Financial Results and Conference Call.

QUINCY, Mass. -- Atlantic Broadband Finance, LLC ("Atlantic Broadband") reported today financial results for the quarter ended March 31, 2006.

Atlantic Broadband's total revenue for the three months ended March 31, 2006 was $50.0 million as compared to $46.3 million for the three months ended March 31, 2005. The increase in revenue was driven mainly by increases in high speed data revenues resulting from significant consumer demand and increases in digital video revenue driven by the expanded availability of new Digital Video Recorder and High Definition service offerings.

For the three months ended March 31, 2006, the Company's operating and selling, general and administrative expenses were $31.4 million, compared to $29.1 million for the same period in 2005. This increase is mainly the result of contractual increases in programming costs, expenses incurred in advance of the launch of the Company's cable telephony service and increases in marketing expenditures to drive sales.

Liquidity and Cash Flow:

Total debt outstanding including capital lease obligations at March 31, 2006 was $482.1 million and cash balances were $5.2 million at quarter end. On an annualized basis, EBITDA for the six months ended March 31, 2006, adjusted for certain expenditures as defined in the Company's credit agreement associated mostly with hurricane damage repairs and debt amendment fees totaling $2,780,000, resulted in a total leverage ratio as defined in said credit agreement of approximately 6.3x.

Summary Financial Results:

The following tables summarize financial results for the three month period ended March 31, 2006:

Subscriber information

                                        3/31/05   12/31/05    3/31/06
                                       ---------  ---------  ---------

EBU's                                   217,082    213,396    213,520
Digital Subscribers                      76,756     73,985     74,830
HSD Subscribers                          55,782     69,018     75,114
Telephone Subscribers                        --         --      1,381
Homes Passed                            430,593    438,404    439,593

Internet-ready Homes Passed             388,169    424,253    425,366
Basic Subscribers                       252,658    249,754    251,467

Basic Penetration of Homes Passed         58.7%      57.0%      57.2%
Digital Penetration of Basic
 Subscribers                              30.4%      29.6%      29.8%
HSD Penetration of Internet-ready
 Homes Passed                             14.4%      16.3%      17.7%




Operating results

                                   Three Months Ended March 31.
                            ------------------------------------------
                                   2005                  2006
                            --------------------  --------------------
                             Amount        %       Amount        %
                            ---------  ---------  ---------  ---------
                                      (dollars in thousands)
Revenue:
    Video                    $31,636       68.3%   $32,549       65.2%
    High Speed Data            5,144       11.1      7,207       14.4
    Telephone                     --        0.0         98        0.2
    Advertising Sales          1,402        3.0      1,330        2.7
    Commercial                 3,794        8.2      4,165        8.3
    Other                      4,328        9.4      4,610        9.2
                            ---------  ---------  ---------  ---------

Total revenue                $46,304      100.0%   $49,959      100.0%

Costs and expenses:
    Operating (excluding
     depreciation and
     amortization and
     selling, general and
     administrative listed
     below)                   21,489       46.4%    23,129       46.3%
    Selling, general and
     administrative            7,650       16.5%     8,300       16.6%
    Depreciation and
     amortization              9,886       21.4%    11,425       22.9%
                            ---------             ---------
         Income from
          operations           7,279                 7,105

Other Income (expenses):

    Gain (loss) from
     derivative instruments    1,819                  (470)
    Interest expense, net     (8,103)               (8,998)
                            ---------             ---------
    Income (loss) before
     income taxes               $995               $(2,363)




Reconciliation of Income from operations to EBITDA (in thousands):

                                                       Three Months
                                                          Ended
                                                      March 31, 2006
                                                    ------------------

Income from operations                                         $7,105
Plus:      Depreciation and amortization                       11,425
                                                    ------------------
EBITDA                                                        $18,530
                                                    ------------------
----------------------------------------------------------------------

Conference Call:

The Company will host a conference call at 10:00 ET on Tuesday May 16, 2006 to discuss the financial results. To access the conference call, interested parties may dial [phone] and provide the conference ID "Atlantic" to the attendant. A replay will be available through May 30, 2006 by dialing [phone] (no access code is necessary).

Note Regarding Forward-Looking Statements:

Statements in this release that are "forward-looking statements" are based upon current expectations and assumptions, and involve certain risks and uncertainties within the meaning of the U.S. Private Securities Litigation reform Act of 1995. Words of expressions such as "intends", "expects", "expected", "anticipates" or variations of such words and similar expressions are intended to identify such forward-looking statements. Key risks are described in the Company's report filed with the Securities and Exchange Commission (SEC).