NYSE$WOW

WideOpenWest Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

WOW! reported strong first-quarter results with record high-speed data revenue and increased profitability.

WideOpenWest, Inc. reported first-quarter 2021 results with a 1% increase in total revenue to $286.3 million, driven by a 12% increase in HSD revenue. Net income was $9.6 million, resulting in diluted earnings per share of $0.11. The company added 10,000 HSD RGUs and achieved an adjusted EBITDA of $112.4 million, with a margin of 39.3%.

  • Total revenue reached $286.3 million, a 1% increase year-over-year.
  • HSD revenue grew by 12% to $152.7 million, marking the 6th consecutive quarter of record HSD revenue.
  • Net income was $9.6 million, with diluted earnings per share of $0.11.
  • Adjusted EBITDA increased by 13% to $112.4 million, with an adjusted EBITDA margin of 39.3%.

Headline financials

Total Revenue

$286M

Previous: $285M+0.6%
EPS (adj)

$0.11

Previous: $0.08+37.5%
Total Subscribers

859.2K

Previous: 838.0K+2.5%
HSD RGUs

823.8K

Previous: 797.6K+3.3%
Adjusted EBITDA Margin

39.3%

Previous: 34.8%+12.9%
Free Cash Flow

$18.3M

No prior period
Net Income

$9.6M

Previous: $100K+9500.0%
Operating Income

$41.3M

Previous: $33.4M+23.7%
Gross Profit

$148M

Previous: $135M+9.5%
Cash & Equivalents

$36.1M

Previous: $36.8M-1.9%
Total Assets

$2.51B

Previous: $2.49B+0.4%
Stock-Based Comp

$3.1M

No prior period

Revenue & EPS history

WideOpenWest · Revenue · Quarterly

$286M

Q1 2021+0.6%vs Q1 2020
Beat estimate in 4 of 16 quarters(25%)
ActualEstimate

Revenue by segment

WideOpenWest · $286M total across 5 segments · Q1 2021

  • HSD
    $153M
  • Video
    $93.3M
  • Telephony
    $21.8M
  • Other Revenue
    $12.3M-8.2%
  • Other Business Services
    $6.2M-4.6%

Forward guidance

WOW! provided guidance for Q2 2021 and full year 2021.

Tailwinds

  • Q2 2021 Total Revenue is expected to be between $280.0 - $283.0 million
  • Q2 2021 HSD Revenue is expected to be between $154.0 - $157.0 million
  • Q2 2021 Adjusted EBITDA is expected to be between $110.0 - $113.0 million
  • Q2 2021 HSD net additions are expected to be between 3,500 - 5,500
  • Full Year 2021 Total Revenue is expected to be between $1,118.0 - $1,121.0 million

Headwinds

  • Full Year 2021 HSD Revenue is expected to be between $629.0 - $632.0 million
  • Full Year 2021 Adjusted EBITDA is expected to be between $458.0 - $462.0 million
  • Full Year 2021 HSD net additions are expected to be between 28,000 - 32,000
  • Total Revenue for Q2 2021 is expected to be between $280.0 - $283.0 million
  • HSD Revenue for Q2 2021 is expected to be between $154.0 - $157.0 million

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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