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Dec 31, 2020
WideOpenWest Q4 2020 Earnings Report
Reported financial results for the quarter and year ended December 31, 2020.
Key Takeaways
WideOpenWest, Inc. reported Q4 2020 results with a total revenue of $293.2 million and net income of $3.1 million. High-Speed Data (HSD) revenue increased by 13.4% compared to Q4 2019, and the company added 4,900 HSD RGUs. Adjusted EBITDA was $123.2 million with a margin of 42.0%, and free cash flow totaled $9.5 million.
Total Revenue reached $293.2 million.
Net Income was $3.1 million, with Diluted Earnings Per Share at $0.04.
HSD Revenue totaled $150.7 million, a 13.4% increase year-over-year.
Adjusted EBITDA stood at $123.2 million, with a margin of 42.0%.
WideOpenWest
WideOpenWest
WideOpenWest Revenue by Segment
Revenue by Segment
Other Revenue
CapyFin.com Forward Guidance
For the first quarter of 2021, WOW! anticipates total revenue between $281.0 and $284.0 million, HSD Revenue between $150.0 and $152.0 million, Adjusted EBITDA between $106.0 and $109.0 million, and HSD net additions between 8,000 and 10,000.
Positive Outlook
- Q1 2021 Total Revenue between $281.0 - $284.0 million
- Q1 2021 HSD Revenue between $150.0 - $152.0 million
- Q1 2021 Adjusted EBITDA between $106.0 - $109.0 million
- Q1 2021 HSD net additions between 8,000 - 10,000
- Company is focusing on expanding its HSD business
Challenges Ahead
- No specific negative factors were mentioned in the provided guidance summary.
- Company is facing reduction in Video and Telephony RGUs.
- Company faced decreases in data center revenue.
- Company faced decreases in advertising, late fee and line assurance revenue.
- COVID-19 has an impact on the EBITDA.