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WOW(WOW) - 2024 Q3 - Quarterly Results
2024-11-04 21:00
Financial Performance - Total Revenue for Q3 2024 was $158.0 million, a decrease of $15.1 million, or 8.7%, compared to Q3 2023[3] - HSD Revenue totaled $107.5 million, down $2.3 million, or 2.1%, compared to Q3 2023[3] - Net Loss for Q3 2024 was $22.4 million, an improvement from a net loss of $104.5 million in Q3 2023[8] - Adjusted EBITDA for Q3 2024 was $77.3 million, an increase of $6.4 million, or 9.0%, compared to Q3 2023, with an Adjusted EBITDA margin of 48.9%[9] - Total revenue for the three months ended September 30, 2024, was $158.0 million, a decrease of 8.9% from $173.1 million in the same period of 2023[21] - Total subscription services revenue for the nine months ended September 30, 2024, was $441.5 million, down 8.0% from $480.1 million in the prior year[21] - The company reported a net loss of $48.2 million for the nine months ended September 30, 2024, compared to a net loss of $244.2 million in the same period of 2023[22] - Adjusted EBITDA for the nine months ended September 30, 2024, was $158.0 million, an increase from $141.3 million in the same period of 2023[22] - The company reported a basic and diluted loss per common share of $0.59 for the nine months ended September 30, 2024, compared to a loss of $2.99 in the same period of 2023[21] - Adjusted EBITDA for the nine months ended September 30, 2024, was $214.7 million, representing an increase from $204.2 million in the same period of 2023, with an adjusted EBITDA margin of 44.9%[33] Subscriber Metrics - Total Subscribers as of September 30, 2024, were approximately 490,500, a decrease of 26,900, or 5%, compared to September 30, 2023[10] - The total number of subscribers decreased to 490,500 as of September 30, 2024, down from 517,400 as of September 30, 2023[35] - High-Speed Data (HSD) RGUs decreased to 480,600 as of September 30, 2024, from 503,400 as of September 30, 2023[35] - Video RGUs declined to 66,300 as of September 30, 2024, down from 100,800 as of September 30, 2023[35] Capital Expenditures and Debt - Capital Expenditures totaled $40.5 million for Q3 2024, a decrease of $24.0 million compared to Q3 2023[13] - Capital expenditures for the nine months ended September 30, 2024, were $164.1 million, a decrease from $188.3 million in the prior year[22] - Total outstanding long-term debt and finance lease obligations as of September 30, 2024, was $973.0 million[15] - The company closed on a new $200.0 million super-priority term loan on October 11, 2024, to strengthen its balance sheet[14] Market Expansion - Market Expansion projects passed an additional 1,700 homes in Q3 2024, with a 17.5% penetration rate in Greenfield initiatives[11] - Homes passed increased to 1,952,200 as of September 30, 2024, compared to 1,905,600 as of September 30, 2023[35] - The company serves nearly 2.0 million residential, business, and wholesale consumers across 16 markets, primarily in the Midwest and Southeast[23] Operational Expenses - The company incurred $17.4 million in non-recurring professional fees, M&A integration, and restructuring expenses for the three months ended September 30, 2024[33] - Interest expense increased to $31.6 million for the three months ended September 30, 2024, compared to $18.9 million in the same period of 2023[33] Future Guidance - Full Year 2024 guidance for Total Revenue is projected between $629.0 million and $633.0 million[17] Employee Recognition - The company has been recognized nine times as a Best & Brightest Company to Work For in the Nation, reflecting its commitment to exceptional human resources practices[23]
WOW! REPORTS THIRD QUARTER 2024 RESULTS
Prnewswire· 2024-11-04 21:00
Continued to Grow Penetration Rates in Expansion MarketsENGLEWOOD, Colo., Nov. 4, 2024 /PRNewswire/ -- WideOpenWest, Inc. ("WOW!" or the "Company") (NYSE: WOW), one of the nation's leading broadband providers, with an efficient, high-performing network that passes nearly 2.0 million residential, business and wholesale consumers, today announced financial and operating results for the third quarter ended September 30, 2024.Third Quarter 2024 Highlights (1) Total Revenue of $158.0 million, a decrease of $15.1 ...
WOW! Adds First Fiber Internet Customers in Hernando County, Florida
Prnewswire· 2024-10-23 13:30
Core Insights - WOW! Internet, TV & Phone has expanded its all-fiber services to Spring Hill, Florida, marking the 10th Greenfield community in the state as part of its market expansion initiative [1][2] - The company plans to add 44,000 new homes in Hernando County, with ongoing construction to further expand its fiber network [1] - WOW! offers simplified all-in pricing for its services, which includes fast Internet speeds, necessary WiFi equipment, no annual contracts, and no data caps [2] Company Overview - WOW! is a leading broadband provider in the U.S., serving nearly 2 million residential, business, and wholesale consumers across 19 markets, primarily in the Midwest and Southeast [4] - The company has been recognized for its exceptional human resources practices, winning the Best & Brightest Company to Work For award for seven consecutive years [4]
WideOpenWest, Inc. to Announce Third Quarter 2024 Financial Results
Prnewswire· 2024-10-23 13:00
ENGLEWOOD, Colo., Oct. 23, 2024 /PRNewswire/ -- WOW! Internet, TV & Phone (NYSE: WOW), a leading broadband provider in the United States, announced today it will host a webcast and conference call on Monday, November 4, 2024 at 4:30 p.m. ET to discuss financial and operating results for the third quarter 2024. WOW! will issue a news release reporting its results prior to the call.The conference call will be broadcast live on the company's investor relations website at ir.wowway.com. Those parties interested ...
SOUTHWEST AIRLINES CRUISES INTO ITS WEEK OF WOW WITH UP TO 40% OFF BASE FARES; DEALS ON RAPID REWARDS POINTS, VACATION PACKAGES, CAR RENTALS, AND HOTEL BOOKINGS; AND, FOR THE FIRST TIME--CRUISE BOOKINGS
Prnewswire· 2024-10-01 15:00
Major Sale Alert: Up to 40% Off Base Fares Starting today, Oct. 1, 2024, through Oct. 3, 2024, Southwest® Customers can take advantage of the airline's fall Week of WOW sale, saving up to 40% off base fares for their next adventure for continental U.S. travel flown between Oct. 29, 2024, and Jan. 31, 2025; and international, Hawaii, and Puerto Rico travel between Oct. 29, 2024, and March 5, 2025. Customers can use SAVEWOW in the promo code box when booking to receive the discount. Additionally, Customers ca ...
WOW! and Augusta GreenJackets Honor Outstanding Educators in the Greater CSRA Community Throughout 2024 MiLB Season
Prnewswire· 2024-09-11 13:00
Broadband leader provides ongoing support to educators and students in the area with the Teacher of the Month Award and Stuff the Bus Annual School Supply Drive AUGUSTA, Ga., Sept. 11, 2024 /PRNewswire/ -- WOW! Internet, TV & Phone (NYSE: WOW), a leading broadband services provider, and the Augusta GreenJackets, the Carolina League affiliate of the Atlanta Braves, today announced another successful MiLB season honoring the teachers of the Central Savannah River Area (CSRA) through the WOW! Teacher of the Mo ...
WideOpenWest (WOW) Is Attractively Priced Despite Fast-paced Momentum
ZACKS· 2024-09-06 13:51
Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher." Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth p ...
WideOpenWest (WOW) Shows Fast-paced Momentum But Is Still a Bargain Stock
ZACKS· 2024-08-19 13:50
Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher." Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth p ...
WideOpenWest (WOW) Reports Q2 Loss, Misses Revenue Estimates
ZACKS· 2024-08-08 22:41
WideOpenWest (WOW) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of a loss of $0.19. This compares to loss of $0.01 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 31.58%. A quarter ago, it was expected that this cable TV company would post a loss of $0.15 per share when it actually produced a loss of $0.18, delivering a surprise of -20%. Over the last four quarters, the company has surp ...
WOW! Named One of Florida's Best Companies To Work For in 2024
Prnewswire· 2024-07-31 17:00
Leading broadband provider recognized for outstanding commitment to employees and exceptional workplace environment ENGLEWOOD, Colo., July 31, 2024 /PRNewswire/ -- WOW! Internet, TV & Phone (NYSE: WOW), a leading broadband services provider, was recognized by Workforce Research Group and Florida Trend as one of the Best Companies To Work For In Florida. This honor follows the selection of WOW! as a Best and Brightest Company to Work For in the Nation® for the 7th consecutive year, and comes on the heels of ...