WOW(WOW)2025-05-06 20:00Financial 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]