NYSE$WOW
WideOpenWest Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
WOW! reported mixed results in Q3 2022, with revenue decline offset by EBITDA growth and strategic investments.
WideOpenWest (WOW!) reported a decrease in total revenue but an increase in Pro Forma Adjusted EBITDA for Q3 2022. The company is focusing on its broadband-first strategy and expanding its footprint through Greenfield expansions and edge-outs. A $50 million share repurchase program was authorized by the Board of Directors.
- Total revenue from continuing operations decreased by 6% year-over-year to $173.7 million.
- High-Speed Data (HSD) revenue from continuing operations totaled $102.3 million, a 1% decrease year-over-year.
- Net income from continuing operations was $0.5 million.
- Pro Forma Adjusted EBITDA increased by 3% year-over-year to $68.5 million, with a margin of 39.4%
Headline financials
Revenue & EPS history
WideOpenWest · Revenue · Quarterly
$174M
Revenue by segment
WideOpenWest · $174M total across 5 segments · Q3 2022
- HSD$102M-1.0%58.9%
- Video$45.3M-14.2%26.1%
- Telephony$12.8M-9.9%7.4%
- Other Revenue$7.9M-2.5%4.5%
- Other Business Services$5.4M-3.6%3.1%
Forward guidance
WOW! provided full year 2022 guidance for HSD Revenue, Total Revenue, Adjusted EBITDA, and HSD net additions.
Tailwinds
- HSD Revenue is expected to be between $411.0 and $414.0 million.
- Total Revenue is projected to be between $702.0 and $705.0 million.
- Adjusted EBITDA is anticipated to be between $278.0 and $281.0 million.
- HSD net additions are expected to be between (2,000) and 2,000.
- Company's broadband-first strategy shows growth in pro forma Adjusted EBITDA.
Headwinds
- The company's future performance is subject to various risks and uncertainties, as detailed in their SEC filings.
- Total revenue from continuing operations decreased compared to the third quarter of 2021.
- HSD Revenue from continuing operations also saw a slight decrease compared to the third quarter of 2021.
- Capital Expenditures from continuing operations totaled $37.7 million for the quarter ended September 30, 2022, representing a $3.0 million decrease compared to the quarter ended September 30, 2021.
- Total Subscription Revenue from continuing operations for the quarter ended September 30, 2022 was down $9.9 million, or 6%, as compared to the corresponding period in 2021.
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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