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Jun 30, 2022
WideOpenWest Q2 2022 Earnings Report
Second quarter results were announced, reflecting a broadband-first strategy and progress on strategic initiatives, with record Adjusted EBITDA and Adjusted EBITDA margin.
Key Takeaways
WideOpenWest, Inc. reported total revenue from continuing operations of $176.1 million, a decrease of 3% compared to the second quarter of 2021. Net income from continuing operations was $4.0 million. Pro Forma Adjusted EBITDA was a record $70.6 million, an increase of 10% compared to the second quarter of 2021.
Total Revenue from continuing operations of $176.1 million, a decrease of 3% compared to the second quarter of 2021
HSD Revenue from continuing operations totaled $102.6 million, an increase of 4% compared to the second quarter of 2021
Net Income from continuing operations was $4.0 million for the quarter ended June 30, 2022
Pro Forma Adjusted EBITDA was a record $70.6 million, an increase of 10% compared to the second quarter of 2021
Revenue by Segment
Forward Guidance
WOW! provided guidance for Q3 2022 and Full Year 2022.
Positive Outlook
- Q3 2022 HSD Revenue: $102.0 - $106.0 million
- Q3 2022 Total Revenue: $171.0 - $175.0 million
- Q3 2022 Adjusted EBITDA: $66.0 - $69.0 million
- Q3 2022 HSD net additions: 1,000 - 3,000
- Full Year 2022 HSD Revenue: $415.0 - $419.0 million
Challenges Ahead
- Full Year 2022 Total Revenue: $704.0 - $708.0 million
- Full Year 2022 Adjusted EBITDA: $281.0 - $284.0 million
- Full Year 2022 HSD net additions: 12,000 - 15,000
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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