ENGLEWOOD, Colo., June 5, 2025 /PRNewswire/ -- WOW! Internet, TV & Phone (NYSE: WOW), a leading broadband services provider, today announced the appointment of Audrey Glenn as WOW!'s senior director, legal and regulatory affairs. Glenn joins the legal team at WOW! as the company continues its growth momentum and ongoing expansion into Greenfield and legacy markets.  WOW! Names Audrey Glenn as Senior Director of Legal and Regulatory Affairs "Audrey has a remarkable background, with extensive experience ...

Rapid Rewards® Credit Cardmembers can also earn more points on purchases between June 3 and June 9, 2025DALLAS, June 3, 2025 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) is celebrating its birthday month in a big way—by showing love to its Customers with a week of special travel deals. The airline's Week of WOW offers up to 50% off base fares with the code WOWZERS, along with promotions on cruises, hotels, and car rentals. Existing Southwest Rapid Rewards® Credit Cardmembers can also earn up to 10X to ...

Leading broadband provider's impressive twelfth national win reflects a sustained commitment to exceptional workplace practices and employee success ENGLEWOOD, Colo., June 3, 2025 /PRNewswire/ -- WOW! Internet, TV & Phone (NYSE: WOW), a leading broadband services provider, was named a 2025 Best and Brightest Company to Work For in the Nation® for the twelfth time, and eighth consecutive year, by the National Association for Business Resources (NABR). WOW!'s people-first approach and thoughtful programs and ...

Broadband provider sponsors the Clingstones' inaugural season with stadium-wide connectivity and fan giveaways COLUMBUS, Ga., May 28, 2025 /PRNewswire/ -- WOW! Internet, TV & Phone (NYSE: WOW), a leading broadband services provider, and the Columbus Clingstones, the Double-A affiliate of the Atlanta Braves, today announced an exclusive partnership to power Synovus Park, the team's 5,500-person home stadium, with WOW!'s fast and reliable fiber internet. Throughout the regular season, WOW! is also sponsoring ...

Group 1 - WideOpenWest reported a quarterly loss of $0.17 per share, which was better than the Zacks Consensus Estimate of a loss of $0.19, and compared to a loss of $0.18 per share a year ago, indicating an earnings surprise of 10.53% [1] - The company posted revenues of $150 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 1.01%, although this represents a decline from year-ago revenues of $161.5 million [2] - WideOpenWest shares have declined approximately 12.3% since the beginning of the year, while the S&P 500 has decreased by 3.9% [3] Group 2 - The earnings outlook for WideOpenWest is mixed, with the current consensus EPS estimate for the coming quarter at -$0.21 on revenues of $145.3 million, and -$0.87 on revenues of $577 million for the current fiscal year [7] - The Zacks Industry Rank indicates that the Cable Television sector is currently in the top 8% of over 250 Zacks industries, suggesting a favorable environment for stocks in this sector [8]

Financial Data and Key Metrics Changes - High-speed data (HSD) revenue decreased by 0.8% year over year to $105.4 million [8][12] - Total revenue for the quarter decreased by 7.1% to $150 million, driven by declines in video and telephony revenue [12] - Adjusted EBITDA increased by 13.8% year over year to $76.7 million, with a record adjusted EBITDA margin of 51.1% [8][12] - ARPU reached a record high, increasing by 3.7% year over year to $75 [10] Business Line Data and Key Metrics Changes - The company passed an additional 13,700 homes in greenfield markets, bringing the total to 75,600 homes passed [9] - Penetration rates in greenfield markets remained strong at 16.3% [9] - The traditional video business saw a 38% decrease in subscribers, now at 48,900 [10] Market Data and Key Metrics Changes - The 2025 Edge Out Vintage passed 1,500 new homes with a penetration rate close to 27% [9] - The 2024 Edge Out Vintage increased its penetration rate to 44.6%, while the 2023 vintage increased to 31.4% [9] Company Strategy and Development Direction - The company is focusing on fiber to the home expansion initiatives while maintaining cost discipline [11] - The strategy includes migrating customers off the video platform and aligning with YouTube TV, which has seen significant growth [10][11] Management's Comments on Operating Environment and Future Outlook - Management noted strong momentum in greenfield markets and emphasized the importance of simplified pricing in reducing churn [6][27] - The company anticipates continued growth in the second half of the year, despite some expected churn from video rate increases [29] Other Important Information - Total cash at the end of the quarter was $28.8 million, with total outstanding debt of $1.03 billion and a leverage ratio of 3.4 times [12][14] - Capital expenditures for the quarter were $38.9 million, with expectations to spend between $60 million and $70 million on greenfields in 2025 [14][16] Q&A Session Summary Question: Can you discuss the pace of capital spending and its impact on new Greenfield homes passed? - Management indicated that while $10.8 million was spent in the first quarter, they expect to spend the full $60 million to $70 million for the year, with spending back-end loaded due to weather delays [25][26] Question: What does the competitive landscape look like and how are you thinking about net adds? - Management noted that competition remains similar, with low churn aided by simplified pricing, and they expect to maintain net adds similar to the first quarter [27][28] Question: Can you provide insights on mobile products and their impact on churn or HSD subscribers? - Management stated that mobile offerings are not a significant driver for acquisition or churn reduction, focusing instead on core broadband and YouTube TV services [30]

First Quarter 2025 May 6, 2025 Important Information Caution Concerning Forward Looking Statements Certain statements in this presentation that are not historical facts contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements represent our goals, beliefs, plans and expectations about our prospects for the future and other future events. Forward- lookin ...

Financial Data and Key Metrics Changes - High-speed data (HSD) revenue decreased by 0.8% year over year to $105.4 million [6][11] - Total revenue for the quarter decreased by 7.1% to $150 million, primarily due to declines in video and telephony revenue [11] - Adjusted EBITDA increased by 13.8% year over year to $76.7 million, with a record adjusted EBITDA margin of 51.1% [6][11] - Total cash at the end of the quarter was $28.8 million, with total outstanding debt of $1.03 billion and a leverage ratio of 3.4 times [12] Business Line Data and Key Metrics Changes - The company passed an additional 13,700 homes in greenfield markets, bringing the total to 75,600 homes passed [5][7] - Penetration rates in greenfield markets remained strong at 16.3% [7] - The traditional video business saw a 38% decrease in subscribers, now at 48,900 [9] Market Data and Key Metrics Changes - The 2025 Edge Out Vintage passed 1,500 new homes with a penetration rate close to 27% [8] - The 2024 Edge Out Vintage increased its penetration rate to 44.6%, while the 2023 vintage increased to 31.4% [8] Company Strategy and Development Direction - The company is focusing on fiber to the home expansion initiatives while maintaining cost discipline [10] - The strategy includes migrating customers off the video platform and aligning with YouTube TV, which has seen significant growth [9][10] Management's Comments on Operating Environment and Future Outlook - Management noted strong momentum in greenfield markets and emphasized the importance of cost management [5][10] - The company anticipates continued challenges in the traditional video business but expects growth in greenfield areas [10][27] Other Important Information - The company plans to spend between $60 million to $70 million on greenfield initiatives in 2025, despite a slower start due to weather issues [13][22] - Unlevered adjusted free cash flow for the first quarter was $37.8 million, an increase from the previous quarter [14] Q&A Session Summary Question: Capital spending pace and new Greenfield homes passed - The company plans to spend $60 million to $70 million for the year, with more spending expected in the latter half [22] Question: Competitive landscape and net adds - Competition remains similar, with low churn aided by simplified pricing, and penetration rates in greenfield markets outperforming expectations [24][26] Question: Mobile products and their impact - Mobile offerings are not significant drivers for acquisition or churn reduction, with a focus on core broadband and YouTube TV services [28]

Financial Performance - Revenue for the three months ended March 31, 2025, was $150.0 million, a decrease of 7.3% compared to $161.5 million for the same period in 2024[14] - Net loss for the first quarter of 2025 was $13.9 million, compared to a net loss of $15.0 million in the first quarter of 2024, indicating an improvement of 7.3%[14] - Basic and diluted loss per common share for Q1 2025 was $0.17, consistent with the loss per share of $0.18 in Q1 2024[14] - Total expenses for the broadband services segment decreased to $90.5 million in Q1 2025 from $103.9 million in Q1 2024, reflecting a reduction of approximately 12.9%[80] - The company reported a net loss of $13.9 million for the three months ended March 31, 2025, compared to a net loss of $15.0 million for the same period in 2024[57] Assets and Liabilities - Total assets as of March 31, 2025, were $1,502.3 million, a slight decrease from $1,512.5 million as of December 31, 2024[13] - Total liabilities increased marginally to $1,306.3 million from $1,303.7 million at the end of 2024[13] - Stockholders' equity decreased to $196.0 million as of March 31, 2025, down from $208.8 million at the end of 2024[13] - The company’s retained earnings showed a deficit of $52.4 million as of March 31, 2025, compared to a deficit of $38.5 million at the end of 2024[16] Cash Flow and Expenditures - Cash and cash equivalents decreased to $28.8 million from $38.8 million at the end of 2024, a decline of 25.8%[13] - Net cash provided by operating activities was $16.7 million, down from $33.2 million in the prior year[20] - Capital expenditures for the three months ended March 31, 2025, were $38.9 million, significantly lower than $72.5 million in the same period of 2024[20] Revenue Breakdown - Residential subscription services revenue decreased to $110.4 million, a decline of 8.8% from $121.0 million in the same period of 2024[30] - Business subscription services revenue remained stable at $28.1 million, slightly up from $28.0 million in the previous year[30] - Expected total revenue from subscription services for 2025 is $40.1 million, with a total expected revenue of $99.3 million through 2027[35] Debt and Interest Management - Long-term debt outstanding as of March 31, 2025, is $1,024.3 million, with an effective interest rate of 8.94% for super-priority loans[40] - The company entered into five interest rate swap agreements with a notional amount of $100 million each to manage interest rate risk, fixing the average variable rate exposure at 4.3%[67][68] - The fair value of the company's long-term debt was reported at $834.1 million as of March 31, 2025, down from $864.7 million as of December 31, 2024[61][64] Stock and Compensation - The company issued 1,029,789 shares of restricted stock during the first quarter of 2025[16] - The company recorded $2.4 million in stock-based compensation expense for the three months ended March 31, 2025[47] - The company granted 472,938 performance shares on March 28, 2025, related to the three-year cumulative EBITDA metric for 2024[52] - The total outstanding shares of restricted stock awards increased from 1,482,690 in March 2024 to 2,939,868 in March 2025[48] Compliance and Risk Management - The company is in compliance with all debt covenants as of March 31, 2025[45] - The company is focused on managing risks related to competition, technological changes, and economic conditions that may impact customer demand[11] Tax and Settlement - The company reported an income tax benefit of $4.9 million for Q1 2025, up from $0.5 million in Q1 2024, primarily due to the release of valuation allowance[72] - The company accrued $46.8 million related to a settlement with Sprint, with a remaining payment of $5.0 million due as of March 31, 2025[74]

Financial Performance - Total Revenue for Q1 2025 was $150.0 million, a decrease of $11.5 million, or 7.1%, compared to Q1 2024[4] - Adjusted EBITDA increased by $9.3 million, or 13.8%, to $76.7 million, with an Adjusted EBITDA margin of 51.1%[12] - Net Loss for Q1 2025 was $13.9 million, an improvement from a net loss of $15.0 million in Q1 2024[11] - Total revenue for the three months ended March 31, 2025, was $150.0 million, a decrease of 7.5% from $161.5 million in the same period of 2024[24] - Total subscription services revenue decreased to $138.5 million, down 7.5% from $149.0 million year-over-year[24] - Adjusted EBITDA for the three months ended March 31, 2025, was $76.7 million, representing an increase of 13.0% from $67.4 million in the prior year[36] - The net loss for the quarter was $13.9 million, slightly improved from a net loss of $15.0 million in the prior year[24] - The company reported a basic and diluted loss per common share of $0.17, an improvement from a loss of $0.18 per share in the prior year[24] - Interest expense increased to $27.5 million from $21.0 million year-over-year, reflecting a rise of 30.9%[36] Subscriber Metrics - Total Subscribers decreased by 26,900, or 5%, to approximately 473,800 as of March 31, 2025[13] - Total subscribers decreased to 473,800 as of March 31, 2025, down from 500,700 in the same period of 2024, reflecting a decline of 5.4%[38] Operational Efficiency - Operating Expenses (excluding Depreciation and Amortization) totaled $59.0 million, down $8.5 million, or 12.6%, compared to Q1 2024[10] - Capital Expenditures for Q1 2025 were $38.9 million, a decrease of $33.6 million compared to Q1 2024[16] - Capital expenditures for the quarter were $38.9 million, significantly lower than $72.5 million in the same period of 2024, a decrease of 46.3%[38] Market Expansion - The company passed approximately 13,700 new homes in Greenfield markets, bringing the total to 75,600 homes with a penetration rate of 16.3%[8] - Homes passed increased to 1,977,600, up from 1,948,500 year-over-year, indicating a growth of 1.5%[38] Future Guidance - The company provided Q2 2025 guidance for Total Revenue between $141.0 million and $144.0 million[19] Strategic Initiatives - The company has implemented new strategies to improve customer retention, with a goal of reducing churn rate by G%[40] - The financial guidance for the upcoming quarter includes an EBITDA margin target of H%, reflecting improved cost management[40] - The company is committed to sustainability initiatives, with plans to invest $I million in eco-friendly practices over the next year[40]