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Sep 30, 2023

WideOpenWest Q3 2023 Earnings Report

WOW! reported mixed results with a decrease in total revenue but an increase in high-speed data revenue.

Key Takeaways

WideOpenWest, Inc. reported a decrease in total revenue, offset by growth in high-speed data revenue. The company announced expansion into three new Greenfield markets and reported a net loss due to a non-cash impairment charge.

Total revenue decreased slightly, while high-speed data revenue increased.

Net loss was reported, influenced by a non-cash impairment charge.

Adjusted EBITDA increased compared to the same quarter last year.

Company is expanding into new markets and transitioning its video business to streaming.

Total Revenue
$173M
Previous year: $174M
-0.3%
EPS
-$1.29
Previous year: $0.01
-13000.0%
Total Subscribers
517.4K
Previous year: 538.1K
-3.8%
Gross Profit
$97.5M
Cash and Equivalents
$22.6M
Previous year: $45.3M
-50.1%
Free Cash Flow
-$15.3M
Total Assets
$1.52B

WideOpenWest

WideOpenWest

WideOpenWest Revenue by Segment

Forward Guidance

The company will provide an update on its outlook for the remainder of the year on its upcoming earnings call.