WOW! REPORTS FOURTH QUARTER AND FULL YEAR 2024 RESULTS

Core Insights - WideOpenWest, Inc. ("WOW!") reported a penetration rate increase to 16.6% in Greenfield markets, passing an additional 31,500 homes in 2024 [3][15] - The company experienced a year-over-year growth in Adjusted EBITDA of 4.7%, reflecting strong cost management and operational efficiencies [3][11] - Total revenue for the year ended December 31, 2024, was $630.9 million, a decrease of 8.1% compared to 2023 [4][11] Financial Performance - Total Revenue for Q4 2024 was$ 152.6 million, down $16.2 million or 9.6% from Q4 2023 [11][25] - Subscription Revenue for Q4 2024 was$ 140.3 million, a decrease of 9.8% year-over-year [5][11] - Adjusted EBITDA for Q4 2024 was $73.7 million, an increase of 3.5% compared to Q4 2023 [11][13] Subscriber Metrics - Total Subscribers as of December 31, 2024, were 478,700, a decrease of 25,400 from the previous year [14] - High-Speed Data (HSD) RGUs totaled 470,400, down 19,700 compared to December 31, 2023 [14] Market Expansion - The company passed approximately 61,900 homes in Greenfield initiatives, achieving a penetration rate of 16.6% [15] - Edge-out projects passed 8,300 new homes with a penetration rate of 39.8% as of December 31, 2024 [16] Capital Expenditures - Capital Expenditures for the year ended December 31, 2024, totaled$ 215.8 million, a decrease of 19.7% compared to 2023 [17] - Core Capital Expenditures represented 20.8% of Total Revenue for the year [17] Liquidity and Debt - As of December 31, 2024, total outstanding long-term debt was $1,017.4 million, with cash and cash equivalents of$ 38.8 million [19] - The company entered into a new Priority Credit Agreement during Q4 2024, refinancing prior debt and including $200 million in new borrowings [18] Acquisition Proposal - On May 2, 2024, WOW! received an unsolicited acquisition proposal from DigitalBridge Investments, LLC, which is currently under evaluation by a special committee [20]