NYSE$WOW

WideOpenWest Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

WOW! reported mixed results for Q1 2024, with revenue declining but adjusted EBITDA increasing.

WideOpenWest (WOW!) reported a decrease in total revenue by 6.2% compared to Q1 2023, but experienced a 1% increase in high-speed data revenue. The company's net loss was $15 million, while adjusted EBITDA increased by 3.4%.

  • Total revenue decreased by 6.2% year-over-year to $161.5 million.
  • High-speed data revenue increased by 1% year-over-year to $106.2 million.
  • Net loss was $15.0 million for the quarter.
  • Adjusted EBITDA increased by 3.4% year-over-year to $67.4 million.

Headline financials

Total Revenue

$162M

Previous: $172M-6.2%
EPS

-$0.18

Previous: -$0.46+60.9%
Capital Expenditures

-$72.5M

No prior period
Net Income

-$15M

Previous: -$38M+60.5%
Operating Income

$5.2M

Previous: -$36.9M+114.1%
Gross Profit

$94M

Previous: $94.1M-0.1%
Cash & Equivalents

$19.2M

Previous: $21.2M-9.4%
Total Assets

$1.54B

Previous: $1.73B-11.0%
Stock-Based Comp

$3M

Previous: $5.4M-44.4%

Revenue & EPS history

WideOpenWest · Revenue · Quarterly

$162M

Q1 2024-6.2%vs Q1 2023
Beat estimate in 11 of 16 quarters(69%)
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

WOW! provided guidance for the second quarter of 2024.

Tailwinds

  • HSD Revenue is expected to be between $104.0 million and $107.0 million.
  • Total Revenue is expected to be between $158.0 million and $161.0 million.
  • Adjusted EBITDA is expected to be between $63.0 million and $66.0 million.

Headwinds

  • HSD net additions are expected to be between (2,000) and (500).

Historical earnings impact

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

Avg. return before/after earnings

Based on 8 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

-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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