NYSE$WOW
WideOpenWest Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
WideOpenWest's financial performance declined in Q2 2023. Revenue decreased slightly, and the company experienced a net loss due to an impairment charge.
WideOpenWest (WOW!) reported a slight decrease in total revenue and a significant net loss for Q2 2023, primarily due to a non-cash impairment charge on intangible assets. However, high-speed data revenue continued to grow, and the company is focused on expanding its network and managing costs.
- Total revenue decreased by 2% compared to Q2 2022, totaling $172.6 million.
- High-speed data revenue increased by 4% compared to Q2 2022, reaching $106.7 million.
- Net loss was $101.7 million, driven by a $128.1 million non-cash impairment charge on intangible assets.
- Adjusted EBITDA decreased by 4% compared to Q2 2022, amounting to $68.1 million.
Headline financials
Revenue & EPS history
WideOpenWest · Revenue · Quarterly
$173M
Revenue by segment
WideOpenWest · $173M total across 5 segments · Q2 2023
- HSD$107M+4.0%61.8%
- Video$41.6M-12.8%24.1%
- Telephony$12.1M-6.2%7.0%
- Other Revenue$7.1M-5.3%4.1%
- Other Business Services$5.1M-5.6%3.0%
Forward guidance
WOW! provided guidance for Q3 2023 and Full Year 2023.
Tailwinds
- Q3 2023 HSD Revenue: $109.0 - $112.0 million
- Q3 2023 Total Revenue: $173.0 - $176.0 million
- Q3 2023 Adjusted EBITDA: $70.0 - $73.0 million
- Full Year 2023 HSD Revenue: $437.0 - $441.0 million
- Full Year 2023 Total Revenue: $691.0 - $696.0 million
Headwinds
- Q3 2023 HSD net additions: (1,500) - 500
- Full Year 2023 Adjusted EBITDA: $286.0 - $290.0 million
- Full Year 2023 HSD net additions: 6,000 - 10,000
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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