WOW(WOW)2024-11-04 21:00Financial Performance - Total Revenue for Q3 2024 was 15.1 million, or 8.7%, compared to Q3 2023[3] - HSD Revenue totaled 2.3 million, or 2.1%, compared to Q3 2023[3] - Net Loss for Q3 2024 was 104.5 million in Q3 2023[8] - Adjusted EBITDA for Q3 2024 was 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 173.1 million in the same period of 2023[21] - Total subscription services revenue for the nine months ended September 30, 2024, was 480.1 million in the prior year[21] - The company reported 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 141.3 million in the same period of 2023[22] - The company reported a basic and diluted loss per common share of 2.99 in the same period of 2023[21] - Adjusted EBITDA for the nine months ended September 30, 2024, was 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 24.0 million compared to Q3 2023[13] - Capital expenditures for the nine months ended September 30, 2024, were 188.3 million in the prior year[22] - Total outstanding long-term debt and finance lease obligations as of September 30, 2024, was 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 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]