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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%.
Revenue by Segment
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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