WOW(US:WOW)2025-11-05 12:00Financial Performance - Total Revenue for Q3 2025 was $144.0 million, a decrease of $14.0 million, or 8.9%, compared to Q3 2024[4] - Total Subscription Revenue for Q3 2025 was $133.0 million, down $13.0 million, or 8.9%, primarily due to a $10.6 million shift in service offering mix and a $7.3 million decrease in volume across all services[5] - HSD Revenue totaled $106.6 million, a decrease of $0.9 million, or 0.8%, compared to Q3 2024[8] - Adjusted EBITDA for Q3 2025 was $68.8 million, a decrease of $8.5 million, or 11.0%, with an Adjusted EBITDA margin of 47.8%[12] - Net Loss for Q3 2025 was $35.7 million, compared to a net loss of $22.4 million for Q3 2024, resulting in a Net Profit Margin of (24.8)%[11] - Total revenue for the three months ended September 30, 2025, was $144.0 million, a decrease of 8.9% compared to $158.0 million for the same period in 2024[22] - Total subscription services revenue for the nine months ended September 30, 2025, was $404.4 million, down 8.4% from $441.5 million in 2024[22] - Net loss for the nine months ended September 30, 2025, was $67.4 million, compared to a net loss of $48.2 million for the same period in 2024[22] - Adjusted EBITDA for the nine months ended September 30, 2025, was not explicitly stated but is a key metric for assessing operational performance[30] - Cash flows from operating activities for the nine months ended September 30, 2025, provided $91.8 million, a decrease from $132.8 million in 2024[23] - Capital expenditures for the nine months ended September 30, 2025, were $139.3 million, down from $164.1 million in 2024[23] - For the three months ended September 30, 2025, the net loss was $35.7 million, compared to a net loss of $22.4 million for the same period in 2024, resulting in a net profit margin of (24.8)%[36] - Adjusted EBITDA for the nine months ended September 30, 2025, was $215.8 million, with an adjusted EBITDA margin of 49.2%, compared to $214.7 million and 44.9% for the same period in 2024[36] Subscriber Metrics - Approximately 464,500 total subscribers as of September 30, 2025, a decrease of 26,000, or 5%, compared to September 30, 2024[13] - The company passed approximately 15,500 new homes and added 2,500 subscribers in Greenfield markets during Q3 2025, bringing total homes passed to 106,600 with a penetration rate of 16.0%[8] - Total subscribers decreased to 464,500 as of September 30, 2025, down from 473,800 as of March 31, 2025[38] - High-Speed Data (HSD) Revenue Generating Units (RGUs) decreased to 457,100 as of September 30, 2025, compared to 465,900 as of March 31, 2025[38] - Video RGUs declined to 40,000 as of September 30, 2025, down from 48,900 as of March 31, 2025[38] - Telephony RGUs decreased to 65,300 as of September 30, 2025, compared to 69,200 as of March 31, 2025[38] Capital Expenditures and Debt - Capital Expenditures totaled $52.5 million for Q3 2025, representing a $12.0 million increase compared to Q3 2024[16] - Total outstanding long-term debt and finance lease obligations was $1,065.5 million as of September 30, 2025, with total net leverage at 3.7x on a LTM Adjusted EBITDA basis[17] - Total capital expenditures for the three months ended September 30, 2025, were $52.5 million, an increase from $40.5 million in the same period in 2024[38] - Capital expenditures related to Greenfields were $20.2 million for the three months ended September 30, 2025, compared to $6.5 million in the same period in 2024[38] Acquisition and Corporate Developments - WOW! announced an agreement to be taken private by DigitalBridge Group Inc and Crestview Partners in a $1.5 billion transaction, subject to certain closing conditions[8] - The company is involved in a proposed acquisition by funds affiliated with DigitalBridge Investments and Crestview Partners, which may impact future operations[25] Company Recognition and Operations - WOW! serves approximately 2.0 million residential, business, and wholesale consumers across 20 markets, primarily in the Midwest and Southeast[24] - The company has been recognized nine times as a Best & Brightest Company to Work For in the Nation, indicating strong human resources practices[24] - The company incurred non-recurring professional fees and restructuring expenses of $14.0 million for the three months ended September 30, 2025[36]