NYSE$WOW
WideOpenWest Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
WideOpenWest's financial performance declined in Q1 2023, with a net loss reported despite HSD revenue growth.
WideOpenWest (WOW!) reported a decrease in total revenue and a net loss for Q1 2023. While HSD revenue increased, overall financial performance was negatively impacted by a decrease in subscription revenue and an increase in selling, general, and administrative expenses due to patent litigation settlement.
- Total revenue decreased by 1% to $172.2 million compared to Q1 2022.
- HSD revenue increased by 5% to $105.2 million compared to Q1 2022.
- Net loss was $38.0 million for the quarter ended March 31, 2023.
- Adjusted EBITDA decreased by 2% to $65.2 million compared to Q1 2022.
Headline financials
Revenue & EPS history
WideOpenWest · Revenue · Quarterly
$172M
Revenue by segment
WideOpenWest · $172M total across 5 segments · Q1 2023
- HSD$105M+5.1%61.1%
- Video$42.1M-13.4%24.4%
- Telephony$12.1M-9.0%7.0%
- Other Revenue$7.6M+4.1%4.4%
- Other Business Services$5.2M-1.9%3.0%
Forward guidance
WOW! provided guidance for Q2 2023 and full year 2023, including revenue and Adjusted EBITDA estimates.
Tailwinds
- HSD Revenue Q2 2023: $106.0 - $109.0 million
- Total Revenue Q2 2023: $173.0 - $176.0 million
- Adjusted EBITDA Q2 2023: $65.0 - $68.0 million
- HSD Revenue Full Year 2023: $437.0 - $441.0 million
- Total Revenue Full Year 2023: $703.0 - $707.0 million
Headwinds
- HSD net additions Q2 2023: (4,000) - 0
- Adjusted EBITDA Full Year 2023: $286.0 - $290.0 million
- HSD net additions Full Year 2023: 6,000 - 10,000
- Unspecified risks associated with forward-looking statements.
- Potential impact of market conditions on financial performance.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 8 quarterly earnings reports
-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
| Quarter | Report date | Reaction (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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