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Jun 30, 2020

WideOpenWest Q2 2020 Earnings Report

Second quarter results were reported with revenue decreasing slightly and net income decreasing significantly compared to the same period last year.

Key Takeaways

WideOpenWest (WOW!) reported mixed results for Q2 2020. While total subscribers and HSD RGUs increased, total revenue and net income decreased compared to the prior-year period. COVID-19 related issues negatively affected the results.

Total Subscribers increased by 4.3% year-over-year, reaching 844,500.

Total HSD RGUs grew by 5.5% year-over-year, totaling 805,600.

Total Revenue decreased by 2.7% year-over-year, amounting to $282.0 million.

Net Income decreased significantly to $2.2 million, compared to $9.7 million in the prior-year period.

Total Revenue
$282M
Previous year: $290M
-2.7%
EPS
$0.12
Previous year: $0.22
-45.5%
Total Subscribers
844.5K
Previous year: 809.8K
+4.3%
HSD RGUs
805.6K
Previous year: 763.7K
+5.5%
Gross Profit
$135M
Previous year: $145M
-6.9%
Cash and Equivalents
$39.6M
Previous year: $13M
+204.6%
Free Cash Flow
$17.7M
Total Assets
$2.49B
Previous year: $2.46B
+1.4%

WideOpenWest

WideOpenWest

WideOpenWest Revenue by Segment

Forward Guidance

No forward guidance was provided in the release.

Revenue & Expenses

Visualization of income flow from segment revenue to net income