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Jun 30, 2024

WideOpenWest Q2 2024 Earnings Report

WideOpenWest's financial performance was marked by revenue decline, subscriber losses, and EBITDA growth.

Key Takeaways

WideOpenWest (WOW!) reported a decrease in total revenue and a net loss for Q2 2024. Despite these challenges, the company experienced growth in adjusted EBITDA and made progress in Greenfield markets.

Total revenue decreased by 8.0% compared to Q2 2023, totaling $158.8 million.

HSD revenue totaled $105.0 million, a decrease of 1.6% compared to Q2 2023.

Net loss was $10.8 million for the quarter ended June 30, 2024.

Adjusted EBITDA increased by 2.8% compared to Q2 2023, reaching $70.0 million.

Total Revenue
$159M
Previous year: $173M
-8.0%
EPS
-$0.13
Previous year: -$0.01
+1200.0%
Homes Passed
1.96M
Total Subscribers
495.2K
Previous year: 522.4K
-5.2%
HSD RGUs
485K
Previous year: 507.8K
-4.5%
Gross Profit
$35M
Previous year: $97M
-63.9%
Cash and Equivalents
$20.7M
Previous year: $23M
-10.0%
Free Cash Flow
$2.3M
Total Assets
$1.52B
Previous year: $1.62B
-6.0%

WideOpenWest

WideOpenWest

WideOpenWest Revenue by Segment

Forward Guidance

WOW! provided guidance for Q3 2024 including HSD Revenue, Total Revenue, Adjusted EBITDA, and HSD net additions.