NYSE$WOW

WideOpenWest Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

WideOpenWest's financial performance was marked by revenue decline, subscriber losses, and EBITDA growth.

WideOpenWest (WOW!) reported a decrease in total revenue and a net loss for Q2 2024. Despite these challenges, the company experienced growth in adjusted EBITDA and made progress in Greenfield markets.

  • Total revenue decreased by 8.0% compared to Q2 2023, totaling $158.8 million.
  • HSD revenue totaled $105.0 million, a decrease of 1.6% compared to Q2 2023.
  • Net loss was $10.8 million for the quarter ended June 30, 2024.
  • Adjusted EBITDA increased by 2.8% compared to Q2 2023, reaching $70.0 million.

Headline financials

Total Revenue

$159M

Previous: $173M-8.0%
EPS

-$0.13

Previous: -$0.01-1200.0%
Total Subscribers

495.2K

Previous: 522.4K-5.2%
HSD RGUs

485.0K

Previous: 507.8K-4.5%
Video RGUs

71.6K

No prior period
Telephony RGUs

75.7K

No prior period
Total RGUs

632.3K

No prior period
Homes Passed

2.0M

No prior period
Adjusted EBITDA Margin

44.1%

Previous: 39.5%+11.6%
Net Profit Margin

-6.8%

No prior period
Capital Expenditures

-$51.1M

No prior period
Net Income

-$10.8M

Previous: -$102M+89.4%
Operating Income

$3.7M

Previous: -$121M+103.0%
Gross Profit

$94.2M

Previous: $97M-2.9%
Cash & Equivalents

$20.7M

Previous: $23M-10.0%
Total Assets

$1.52B

Previous: $1.62B-6.0%
Stock-Based Comp

$2.9M

Previous: $5M-42.0%

Revenue & EPS history

WideOpenWest · Revenue · Quarterly

$159M

Q2 2024-8%vs Q2 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 Q3 2024 including HSD Revenue, Total Revenue, Adjusted EBITDA, and HSD net additions.

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 Q2 2024

Historical avgQ2 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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