NYSE$WOW

WideOpenWest Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported financial results for the quarter and year ended December 31, 2020.

WideOpenWest, Inc. reported Q4 2020 results with a total revenue of $293.2 million and net income of $3.1 million. High-Speed Data (HSD) revenue increased by 13.4% compared to Q4 2019, and the company added 4,900 HSD RGUs. Adjusted EBITDA was $123.2 million with a margin of 42.0%, and free cash flow totaled $9.5 million.

  • Total Revenue reached $293.2 million.
  • Net Income was $3.1 million, with Diluted Earnings Per Share at $0.04.
  • HSD Revenue totaled $150.7 million, a 13.4% increase year-over-year.
  • Adjusted EBITDA stood at $123.2 million, with a margin of 42.0%.

Headline financials

Total Revenue

$293M

Previous: $284M+3.4%
EPS (adj)

$0.15

Previous: $0.14+7.1%
Total Subscribers

850.6K

Previous: 823.4K+3.3%
HSD RGUs

813.8K

Previous: 781.5K+4.1%
Video RGUs

308.2K

Previous: 373.8K-17.5%
Telephony RGUs

177.0K

Previous: 193.1K-8.3%
Total RGUs

1.3M

Previous: 1.3M-3.7%
Adjusted EBITDA Margin

42.0%

No prior period
Free Cash Flow

$9.5M

No prior period
Net Income

$3.1M

Previous: $6.9M-55.1%
Operating Income

$37.5M

Previous: $36.5M+2.7%
Gross Profit

$157M

Previous: $138M+13.7%
Cash & Equivalents

$12.4M

Previous: $21M-41.0%
Total Assets

$2.49B

Previous: $2.47B+0.6%
Stock-Based Comp

$2.8M

Previous: $2.3M+21.7%

Revenue & EPS history

WideOpenWest · Revenue · Quarterly

$293M

Q4 2020+3.4%vs Q4 2019
Beat estimate in 4 of 16 quarters(25%)
ActualEstimate

Revenue by segment

WideOpenWest · $293M total across 5 segments · Q4 2020

  • HSD
    $151M
  • Video
    $99M
  • Telephony
    $22.4M
  • Other Revenue
    $15M-2.6%
  • Other Business Services
    $6.1M-4.7%

Forward guidance

For the first quarter of 2021, WOW! anticipates total revenue between $281.0 and $284.0 million, HSD Revenue between $150.0 and $152.0 million, Adjusted EBITDA between $106.0 and $109.0 million, and HSD net additions between 8,000 and 10,000.

Tailwinds

  • Q1 2021 Total Revenue between $281.0 - $284.0 million
  • Q1 2021 HSD Revenue between $150.0 - $152.0 million
  • Q1 2021 Adjusted EBITDA between $106.0 - $109.0 million
  • Q1 2021 HSD net additions between 8,000 - 10,000
  • Company is focusing on expanding its HSD business

Headwinds

  • No specific negative factors were mentioned in the provided guidance summary.
  • Company is facing reduction in Video and Telephony RGUs.
  • Company faced decreases in data center revenue.
  • Company faced decreases in advertising, late fee and line assurance revenue.
  • COVID-19 has an impact on the EBITDA.

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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