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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
WideOpenWest
WideOpenWest
WideOpenWest Revenue by Segment
Revenue by Segment
Other Revenue
CapyFin.com 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