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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.
Revenue by Segment
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).
Historical Earnings Impact
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Avg. Return Before/After Earnings
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