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Mar 31, 2020
WideOpenWest Q1 2020 Earnings Report
WOW! reported results for the first quarter of 2020, showing a slight decrease in total revenue but growth in subscribers.
Key Takeaways
WOW! reported a slight decrease in total revenue to $284.5 million, but experienced growth in total subscribers and HSD RGUs. Net income was $0.1 million, and adjusted EBITDA was $99.1 million, impacted by COVID-19 related bad debt reserves.
Total subscriber net additions reached 14,600, a 1.8% growth.
HSD RGU net additions were 16,100, representing a 2.1% growth.
Business Services Subscription Revenue increased by 6.2% year-over-year.
COVID-19 associated bad debt reserves affected Adjusted EBITDA by an estimated $3.2 million.
Revenue by Segment
Forward Guidance
Due to economic uncertainties arising from the duration and impact of the COVID-19 pandemic, WOW! is withdrawing its previously announced outlook for 2020.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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