WideOpenWest Q4 2021 Earnings Report
Key Takeaways
WideOpenWest (WOW!) reported mixed results for Q4 2021. Total revenue decreased by 5% compared to Q4 2020, while high-speed data revenue increased by 5%. The company reported a net loss of $2.2 million for the quarter. They added 2,200 HSD RGUs in the fourth quarter. The company also completed the second sale of three service areas to Astound Broadband for $661 million and closed refinancing with a new credit facility in December.
Total revenue from continuing operations decreased by 5% compared to the fourth quarter of 2020.
HSD Revenue from continuing operations increased by 5% compared to fourth quarter of 2020.
Net Loss from continuing operations was $2.2 million for the quarter ended December 31, 2021.
Added 2,200 HSD RGUs in the fourth quarter.
WideOpenWest
WideOpenWest
WideOpenWest Revenue by Segment
Forward Guidance
WOW! provided guidance for Q1 2022 and Full Year 2022.
Positive Outlook
- Q1 2022 HSD Revenue: $99.0 - $102.0 million
- Q1 2022 Total Revenue: $171.0 - $174.0 million
- Q1 2022 Adjusted EBITDA: $65.0 - $68.0 million
- Full Year 2022 HSD Revenue: $427.0 - $430.0 million
- Full Year 2022 Total Revenue: $708.0 - $711.0 million
Challenges Ahead
- Full Year 2022 Adjusted EBITDA: $281.0 - $284.0 million
- Q1 2022 HSD net additions: 2,300 - 2,700
- Full Year 2022 HSD net additions: 14,000 - 17,000