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Dec 31, 2024
WideOpenWest Q4 2024 Earnings Report
WideOpenWest reported a revenue decline and a net loss in Q4 2024.
Key Takeaways
WideOpenWest's Q4 2024 revenue declined 9.6% YoY to $152.6 million, impacted by subscriber losses and a shift in service mix. Net loss improved to $10.6 million from $43.5 million in Q4 2023. Adjusted EBITDA increased 3.5% YoY to $73.7 million, with a margin expansion to 48.3%. The company continues its expansion efforts, passing 11,600 new homes in Q4.
Total revenue declined 9.6% YoY to $152.6 million.
Net loss improved to $10.6 million from $43.5 million in Q4 2023.
Adjusted EBITDA increased 3.5% YoY to $73.7 million.
Passed 11,600 new homes in Q4, with penetration in Greenfield markets reaching 16.6%.
WideOpenWest
WideOpenWest
WideOpenWest Revenue by Segment
Revenue by Segment
Other Revenue
CapyFin.com Forward Guidance
WOW! expects continued challenges in subscriber retention but anticipates stabilization through Greenfield expansions and pricing optimization. The company projects Q1 2025 revenue between $147M-$149M, with Adjusted EBITDA in the range of $72M-$74M.
Positive Outlook
- Greenfield market penetration increased to 16.6%.
- Revenue per user (ARPU) increased despite subscriber losses.
- Adjusted EBITDA margin expanded to 48.3%.
- Cost efficiencies contributed to profitability improvement.
- Market expansion efforts continued with 31,500 new homes passed in 2024.
Challenges Ahead
- Total subscribers declined by 25,400 YoY.
- High-speed data RGUs dropped by 19,700 over the year.
- Video and telephony subscribers continued to decline.
- Revenue fell 9.6% YoY due to service mix shifts.
- Competitive pressures and market saturation remain concerns.