NYSE$WOW

WideOpenWest Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Second quarter results were reported with revenue decreasing slightly and net income decreasing significantly compared to the same period last year.

WideOpenWest (WOW!) reported mixed results for Q2 2020. While total subscribers and HSD RGUs increased, total revenue and net income decreased compared to the prior-year period. COVID-19 related issues negatively affected the results.

  • Total Subscribers increased by 4.3% year-over-year, reaching 844,500.
  • Total HSD RGUs grew by 5.5% year-over-year, totaling 805,600.
  • Total Revenue decreased by 2.7% year-over-year, amounting to $282.0 million.
  • Net Income decreased significantly to $2.2 million, compared to $9.7 million in the prior-year period.

Headline financials

Total Revenue

$282M

Previous: $290M-2.7%
EPS (adj)

$0.12

Previous: $0.22-45.5%
Total Subscribers

844.5K

Previous: 809.8K+4.3%
HSD RGUs

805.6K

Previous: 763.7K+5.5%
Free Cash Flow

$17.7M

No prior period
Net Income

$2.2M

Previous: $9.4M-76.6%
Operating Income

$35.5M

Previous: $47M-24.5%
Gross Profit

$135M

Previous: $145M-6.9%
Cash & Equivalents

$39.6M

Previous: $13M+204.6%
Total Assets

$2.49B

Previous: $2.46B+1.4%
Stock-Based Comp

$3M

Previous: $2.8M+7.1%

Revenue & EPS history

WideOpenWest · Revenue · Quarterly

$282M

Q2 2020-2.7%vs Q2 2019
Beat estimate in 4 of 16 quarters(25%)
ActualEstimate

Revenue by segment

WideOpenWest · $155M total across 3 segments · Q2 2020

  • HSD
    $137M
  • Other Revenue
    $11.7M
  • Other Business Services
    $6.4M

Forward guidance

No forward guidance was provided in the release.

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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