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Jun 30, 2021

WideOpenWest Q2 2021 Earnings Report

WideOpenWest reported strong second-quarter results, driven by record high-speed data revenue and increased Adjusted EBITDA.

Key Takeaways

WideOpenWest (WOW!) announced its Q2 2021 financial results, marked by record high-speed data revenue of $156.4 million, a 14% increase year-over-year. The company's total revenue reached $287.3 million, with a net income of $12.4 million and diluted earnings per share of $0.15. Adjusted EBITDA stood at $117.8 million, reflecting a 16% increase compared to the same period last year, with an Adjusted EBITDA margin of 41.0%.

Total revenue reached $287.3 million, a 2% increase year-over-year.

High-Speed Data (HSD) revenue hit a record $156.4 million, up 14% from Q2 2020.

Adjusted EBITDA increased by 16% to $117.8 million, with a margin of 41.0%.

The company announced agreements to sell five service areas for a combined $1.8 billion.

Total Revenue
$287M
Previous year: $282M
+1.9%
EPS
$0.15
Previous year: $0.12
+25.0%
Total Subscribers
857.4K
Previous year: 844.5K
+1.5%
Gross Profit
$86.8M
Previous year: $135M
-35.8%
Cash and Equivalents
$23.3M
Previous year: $39.6M
-41.2%
Free Cash Flow
$23.1M
Previous year: $17.7M
+30.5%
Total Assets
$2.49B
Previous year: $2.49B
-0.3%

WideOpenWest

WideOpenWest

WideOpenWest Revenue by Segment

Forward Guidance

No specific forward guidance was provided in the document.