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Mar 31, 2021
WideOpenWest Q1 2021 Earnings Report
WOW! reported strong first-quarter results with record high-speed data revenue and increased profitability.
Key Takeaways
WideOpenWest, Inc. reported first-quarter 2021 results with a 1% increase in total revenue to $286.3 million, driven by a 12% increase in HSD revenue. Net income was $9.6 million, resulting in diluted earnings per share of $0.11. The company added 10,000 HSD RGUs and achieved an adjusted EBITDA of $112.4 million, with a margin of 39.3%.
Total revenue reached $286.3 million, a 1% increase year-over-year.
HSD revenue grew by 12% to $152.7 million, marking the 6th consecutive quarter of record HSD revenue.
Net income was $9.6 million, with diluted earnings per share of $0.11.
Adjusted EBITDA increased by 13% to $112.4 million, with an adjusted EBITDA margin of 39.3%.
Revenue by Segment
Forward Guidance
WOW! provided guidance for Q2 2021 and full year 2021.
Positive Outlook
- Q2 2021 Total Revenue is expected to be between $280.0 - $283.0 million
- Q2 2021 HSD Revenue is expected to be between $154.0 - $157.0 million
- Q2 2021 Adjusted EBITDA is expected to be between $110.0 - $113.0 million
- Q2 2021 HSD net additions are expected to be between 3,500 - 5,500
- Full Year 2021 Total Revenue is expected to be between $1,118.0 - $1,121.0 million
Challenges Ahead
- Full Year 2021 HSD Revenue is expected to be between $629.0 - $632.0 million
- Full Year 2021 Adjusted EBITDA is expected to be between $458.0 - $462.0 million
- Full Year 2021 HSD net additions are expected to be between 28,000 - 32,000
- Total Revenue for Q2 2021 is expected to be between $280.0 - $283.0 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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