NYSE$WOW

WideOpenWest Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

WOW! reported results for the first quarter of 2020, showing a slight decrease in total revenue but growth in subscribers.

WOW! reported a slight decrease in total revenue to $284.5 million, but experienced growth in total subscribers and HSD RGUs. Net income was $0.1 million, and adjusted EBITDA was $99.1 million, impacted by COVID-19 related bad debt reserves.

  • Total subscriber net additions reached 14,600, a 1.8% growth.
  • HSD RGU net additions were 16,100, representing a 2.1% growth.
  • Business Services Subscription Revenue increased by 6.2% year-over-year.
  • COVID-19 associated bad debt reserves affected Adjusted EBITDA by an estimated $3.2 million.

Headline financials

Total Revenue

$285M

Previous: $287M-0.9%
EPS (adj)

$0.08

Previous: $0.18-55.6%
Total Subscribers

838.0K

No prior period
HSD RGUs

797.6K

No prior period
Video RGUs

365.8K

No prior period
Telephony RGUs

190.9K

No prior period
Total RGUs

1.4M

No prior period
Adjusted EBITDA Margin

34.8%

No prior period
Net Income

$100K

Previous: $8.2M-98.8%
Operating Income

$33.4M

Previous: $46.2M-27.7%
Gross Profit

$135M

Previous: $287M-52.9%
Cash & Equivalents

$36.8M

Previous: $16.9M+117.8%
Total Assets

$2.49B

Previous: $2.46B+1.3%

Revenue & EPS history

WideOpenWest · Revenue · Quarterly

$285M

Q1 2020-0.9%vs Q1 2019
Beat estimate in 4 of 15 quarters(27%)
ActualEstimate

Revenue by segment

WideOpenWest · $173M total across 5 segments · Q3 2023

  • HSD
    $110M+7.3%
  • Video
    $38.9M-14.1%
  • Telephony
    $11.6M-9.4%
  • Other Revenue
    $7.4M-6.3%
  • Other Business Services
    $5.4M+0.0%

Forward guidance

Due to economic uncertainties arising from the duration and impact of the COVID-19 pandemic, WOW! is withdrawing its previously announced outlook for 2020.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 8 quarterly earnings reports

Historical avg

-2.2%

Avg return

Earnings day

+7.0%

Avg return

5 days after

+8.1%

Avg return

30 days after

38%

15 / 40 earnings

Positive

+47.8%

Q2 2025

Best reaction

-58.7%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025
Q3 2025+0.2%-0.2%+0.6%
Q2 2025+47.8%+48.4%+50.4%
Q1 2025+0.0%+0.7%-4.1%
Q4 2024-1.0%+13.4%+1.7%
Q3 2024+7.0%+7.8%-1.2%
Q2 2024-0.2%+1.9%+5.6%
Q1 2024-3.9%-3.7%+7.0%
Q4 2023-8.4%-12.4%+4.9%
Q3 2023-58.7%
Q2 2023-4.3%
Q1 2023-24.4%
Q4 2022+2.0%
Q3 2022-22.6%
Q2 2022+3.7%
Q1 2022-2.1%
Q4 2021-3.3%
Q3 2021-3.9%
Q2 2021+5.2%
Q1 2021+6.7%
Q4 2020+6.5%
Q3 2020+9.2%
Q2 2020+17.4%
Q1 2020-13.4%
Q4 2019-15.4%
Q3 2019+5.8%
Q2 2019-5.2%
Q1 2019-3.8%
Q4 2018-5.4%
Q3 2018+4.3%
Q2 2018+16.4%
Q1 2018+29.5%
Q1 2017+29.5%
Q4 2017-23.7%
Q4 2015-23.7%
Q1 2016-23.7%
Q3 2016-14.5%
Q3 2017-14.5%
Q2 2016-0.9%
Q2 2017-0.9%
Q4 2016-0.9%

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