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Sep 30, 2024
WideOpenWest Q3 2024 Earnings Report
WideOpenWest's financial performance was mixed, with revenue declining but adjusted EBITDA increasing.
Key Takeaways
WideOpenWest (WOW!) reported a decrease in total revenue and a net loss for Q3 2024, but the company saw an increase in adjusted EBITDA and continued growth in penetration rates within its expansion markets. The company also secured a new term loan to strengthen its balance sheet.
Total revenue decreased by 8.7% to $158.0 million compared to Q3 2023.
HSD revenue totaled $107.5 million, a decrease of 2.1% compared to Q3 2023.
Net loss was $22.4 million for the quarter.
Adjusted EBITDA increased by 9.0% to $77.3 million compared to Q3 2023.
WideOpenWest
WideOpenWest
WideOpenWest Revenue by Segment
Forward Guidance
WOW! provided full year 2024 guidance for HSD Revenue, Total Revenue, Adjusted EBITDA and HSD net additions.
Positive Outlook
- HSD Revenue is expected to be between $422.0 million and $426.0 million.
- Total Revenue is projected to range from $629.0 million to $633.0 million.
- Adjusted EBITDA is anticipated to be in the range of $284.0 million to $288.0 million.
Challenges Ahead
- HSD net additions are expected to be between (19,500) and (16,500).