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Mar 31, 2024
WideOpenWest Q1 2024 Earnings Report
WOW! reported mixed results for Q1 2024, with revenue declining but adjusted EBITDA increasing.
Key Takeaways
WideOpenWest (WOW!) reported a decrease in total revenue by 6.2% compared to Q1 2023, but experienced a 1% increase in high-speed data revenue. The company's net loss was $15 million, while adjusted EBITDA increased by 3.4%.
Total revenue decreased by 6.2% year-over-year to $161.5 million.
High-speed data revenue increased by 1% year-over-year to $106.2 million.
Net loss was $15.0 million for the quarter.
Adjusted EBITDA increased by 3.4% year-over-year to $67.4 million.
WideOpenWest
WideOpenWest
WideOpenWest Revenue by Segment
Revenue by Segment
Australian Food Revenue
CapyFin.comAustralian B2B Revenue
CapyFin.comNew Zealand Food (AUD) Revenue
CapyFin.comW Living Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
WOW! provided guidance for the second quarter of 2024.
Positive Outlook
- HSD Revenue is expected to be between $104.0 million and $107.0 million.
- Total Revenue is expected to be between $158.0 million and $161.0 million.
- Adjusted EBITDA is expected to be between $63.0 million and $66.0 million.
Challenges Ahead
- HSD net additions are expected to be between (2,000) and (500).
Revenue & Expenses
Visualization of income flow from segment revenue to net income