WOW(WOW)2025-05-06 21:32Financial Data and Key Metrics Changes - High-speed data (HSD) revenue decreased by 0.8% year over year to 150 million, driven by declines in video and telephony revenue [12] - Adjusted EBITDA increased by 13.8% year over year to 75 [10] Business Line Data and Key Metrics Changes - The company passed an additional 13,700 homes in greenfield markets, bringing the total to 75,600 homes passed [9] - Penetration rates in greenfield markets remained strong at 16.3% [9] - The traditional video business saw a 38% decrease in subscribers, now at 48,900 [10] Market Data and Key Metrics Changes - The 2025 Edge Out Vintage passed 1,500 new homes with a penetration rate close to 27% [9] - The 2024 Edge Out Vintage increased its penetration rate to 44.6%, while the 2023 vintage increased to 31.4% [9] Company Strategy and Development Direction - The company is focusing on fiber to the home expansion initiatives while maintaining cost discipline [11] - The strategy includes migrating customers off the video platform and aligning with YouTube TV, which has seen significant growth [10][11] Management's Comments on Operating Environment and Future Outlook - Management noted strong momentum in greenfield markets and emphasized the importance of simplified pricing in reducing churn [6][27] - The company anticipates continued growth in the second half of the year, despite some expected churn from video rate increases [29] Other Important Information - Total cash at the end of the quarter was 1.03 billion and a leverage ratio of 3.4 times [12][14] - Capital expenditures for the quarter were 60 million and 70 million on greenfields in 2025 [14][16] Q&A Session Summary Question: Can you discuss the pace of capital spending and its impact on new Greenfield homes passed? - Management indicated that while 10.8 million was spent in the first quarter, they expect to spend the full 70 million for the year, with spending back-end loaded due to weather delays [25][26] Question: What does the competitive landscape look like and how are you thinking about net adds? - Management noted that competition remains similar, with low churn aided by simplified pricing, and they expect to maintain net adds similar to the first quarter [27][28] Question: Can you provide insights on mobile products and their impact on churn or HSD subscribers? - Management stated that mobile offerings are not a significant driver for acquisition or churn reduction, focusing instead on core broadband and YouTube TV services [30]