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Sep 30
WideOpenWest Q3 2025 Earnings Report
WideOpenWest reported its third quarter 2025 financial and operating results, highlighting a decrease in total revenue and net loss, alongside continued growth in Greenfield markets.
Key Takeaways
WideOpenWest experienced a decline in total revenue and an increased net loss in Q3 2025 compared to the previous year. Despite these challenges, the company demonstrated strong progress in its Greenfield market expansion, adding new homes passed and subscribers with a healthy penetration rate. HSD revenue saw a slight decrease, while Adjusted EBITDA also declined, though margins remained strong.
Total Revenue for Q3 2025 was $144.0 million, an 8.9% decrease compared to Q3 2024.
The company reported a Net Loss of $35.7 million for the quarter, compared to a net loss of $22.4 million in Q3 2024.
Greenfield markets expanded significantly, passing 15,500 new homes and adding 2,500 subscribers, achieving a 16.0% penetration rate.
Adjusted EBITDA was $68.8 million, an 11.0% decrease from Q3 2024, with an Adjusted EBITDA margin of 47.8%.
WideOpenWest
WideOpenWest
WideOpenWest Revenue by Segment
Revenue by Segment
HSD Revenue
CapyFin.comVideo Revenue
CapyFin.comTelephony Revenue
CapyFin.comOther Business Services Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
WideOpenWest's forward guidance emphasizes continued focus on Greenfield market expansion and maintaining strong penetration rates. The company is also undergoing an acquisition by DigitalBridge Group Inc and Crestview Partners, which is expected to close, and has extended its revolving credit facility.
Positive Outlook
- Continued aggressive management of capital to balance growth initiatives and operating efficiencies.
- Strong momentum in adding new customers and homes passed in Greenfield markets.
- Maintaining strong penetration rates in expansion markets, demonstrating strategy effectiveness.
- Agreement to be taken private by DigitalBridge Group Inc and Crestview Partners in a $1.5 billion transaction, subject to closing conditions.
- Revolving Credit Facility amendment extending the due date to June 30, 2027, with a further extension conditional on the acquisition closing.
Challenges Ahead
- Potential litigation related to the proposed acquisition could be instituted against the company or its affiliates.
- Disruptions from the acquisition, including diversion of management's attention, could harm business operations.
- Challenges in retaining and hiring key personnel due to the acquisition.
- Potential adverse reactions or changes to business relationships resulting from the acquisition announcement or completion.
- Significant transaction costs associated with the acquisition, with the possibility of being more expensive than anticipated.