WOW! REPORTS THIRD QUARTER 2025 RESULTS

Core Insights - WideOpenWest, Inc. ("WOW!") reported a total revenue of $144.0 million for Q3 2025, a decrease of $14.0 million or 8.9% compared to Q3 2024 [6][4] - The company experienced a net loss of $35.7 million for the quarter, compared to a net loss of $22.4 million in the same period last year [8][6] - WOW! added 15,500 new homes passed and approximately 2,500 new Greenfield high-speed data (HSD) fiber subscribers, bringing the total homes passed in Greenfield markets to 106,600 with a penetration rate of 16.0% [11][6] Financial Performance - Total Subscription Revenue for Q3 2025 was $133.0 million, down $13.0 million or 8.9% from Q3 2024, primarily due to a shift in service offering mix and a decrease in volume across all services [4][6] - HSD Revenue totaled $106.6 million, a slight decrease of $0.9 million or 0.8% compared to the same quarter in 2024 [6][4] - Adjusted EBITDA for the quarter was $68.8 million, down $8.5 million or 11.0% from Q3 2024, with an Adjusted EBITDA margin of 47.8% [9][6] Subscriber Metrics - Total Subscribers as of September 30, 2025, were approximately 464,500, a decrease of 26,000 or 5% compared to the same date in 2024 [10][6] - HSD RGUs totaled 457,100, reflecting a decrease of 23,500 or 5% year-over-year [10][6] Market Expansion - The company passed an additional 19,200 homes in Q3 2025, including 15,500 in Greenfield markets and 3,700 in Edge-out projects [11][6] - Edge-out projects from 2025 passed 8,700 new homes with a penetration rate of 29.9%, while 2024 Edge-out projects had a penetration rate of 45.8% [12][11] Capital Expenditures and Debt - Capital Expenditures for Q3 2025 totaled $52.5 million, an increase of $12.0 million compared to Q3 2024, primarily due to market expansion initiatives [13][6] - As of September 30, 2025, total outstanding long-term debt and finance lease obligations were $1,065.5 million, with cash on hand of $22.9 million [14][6] Acquisition Announcement - WOW! announced an agreement to be acquired by DigitalBridge Group Inc. and Crestview Partners in a $1.5 billion transaction, subject to certain closing conditions [6][16] - In connection with the acquisition, WOW! extended the maturity date of its revolving credit facility to June 30, 2027 [17][6]