The earnings call presents a mixed picture with strong performance in adjusted EBITDA and progress in fiber market penetration, countered by revenue declines and subscriber losses. The company's future outlook is optimistic due to increased liquidity and strategic shifts towards fiber expansion.
Company Guidance
During the WOW's third quarter 2024 earnings call, the company provided several key metrics indicating their financial performance and strategic direction. They reported high-speed data (HSD) revenue of $107.5 million, which decreased by 2.1% year-over-year but increased by 2.4% from the second quarter due to a rate increase and simplified pricing. Adjusted EBITDA reached a record $77.3 million, increasing by 9% year-over-year, with a margin of 48.9%. The company highlighted a penetration increase in their Greenfield fiber markets to 17.5%, up from 15.4% in the prior quarter, driven by residential business success. Additionally, WOW! closed a $200 million super priority term loan in October to bolster liquidity and further their fiber expansion strategy, aiming to pass 400,000 fiber homes in the coming years. Full-year guidance anticipated HSD revenue between $422 million and $426 million, total revenue from $629 million to $633 million, and adjusted EBITDA ranging from $284 million to $288 million.
Record Adjusted EBITDA
Achieved a record adjusted EBITDA of $77.3 million, reflecting a 9% year-over-year increase with an adjusted EBITDA margin of 48.9%.
Successful Fiber Expansion
Penetration rates in Greenfield fiber markets increased to 17.5%, with new customer additions in Hernando County, Florida.
Increased Liquidity for Expansion
Secured a new $200 million super priority term loan to enhance liquidity and support fiber Greenfield strategy.
ARPU Growth
ARPU rose significantly driven by a rate increase in July and a successful simplified pricing strategy.
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Wideopenwest (WOW) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WOW Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 04, 2024
$5.30
$5.53
+4.34%
Aug 08, 2024
$5.17
$5.19
+0.39%
May 07, 2024
$4.84
$4.64
-4.13%
Mar 13, 2024
$3.46
$3.07
-11.27%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Wideopenwest (WOW) report earnings?
Wideopenwest (WOW) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Wideopenwest (WOW) earnings time?
Wideopenwest (WOW) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.