NYSE$WOW

WideOpenWest Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

WOW! reported mixed results with a decrease in total revenue but an increase in high-speed data revenue.

WideOpenWest, Inc. reported a decrease in total revenue, offset by growth in high-speed data revenue. The company announced expansion into three new Greenfield markets and reported a net loss due to a non-cash impairment charge.

  • Total revenue decreased slightly, while high-speed data revenue increased.
  • Net loss was reported, influenced by a non-cash impairment charge.
  • Adjusted EBITDA increased compared to the same quarter last year.
  • Company is expanding into new markets and transitioning its video business to streaming.

Headline financials

Total Revenue

$173M

Previous: $174M-0.3%
EPS (adj)

-$1.29

Previous: $0.01-13000.0%
Total Subscribers

517.4K

Previous: 538.1K-3.8%
Adjusted EBITDA Margin

41.0%

No prior period
Capital Expenditures

-$64.5M

No prior period
Free Cash Flow

-$15.3M

No prior period
Net Income

-$105M

Previous: $500K-21000.0%
Operating Income

-$121M

Previous: $9.9M-1323.2%
Gross Profit

$97.5M

Previous: $94.6M+3.1%
Cash & Equivalents

$22.6M

Previous: $45.3M-50.1%
Total Assets

$1.52B

Previous: $1.75B-12.9%
Stock-Based Comp

$3.5M

No prior period

Revenue & EPS history

WideOpenWest · Revenue · Quarterly

$173M

Q3 2023-0.3%vs Q3 2022
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

The company will provide an update on its outlook for the remainder of the year on its upcoming earnings call.

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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