NYSE$WOW

WideOpenWest Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

WideOpenWest's Q4 2021 earnings were reported, showing mixed results with a decrease in total revenue but an increase in high-speed data revenue. The company also completed the second sale of three service areas and refinanced its credit facility.

WideOpenWest (WOW!) reported mixed results for Q4 2021. Total revenue decreased by 5% compared to Q4 2020, while high-speed data revenue increased by 5%. The company reported a net loss of $2.2 million for the quarter. They added 2,200 HSD RGUs in the fourth quarter. The company also completed the second sale of three service areas to Astound Broadband for $661 million and closed refinancing with a new credit facility in December.

  • Total revenue from continuing operations decreased by 5% compared to the fourth quarter of 2020.
  • HSD Revenue from continuing operations increased by 5% compared to fourth quarter of 2020.
  • Net Loss from continuing operations was $2.2 million for the quarter ended December 31, 2021.
  • Added 2,200 HSD RGUs in the fourth quarter.

Headline financials

Total Revenue

$178M

Previous: $293M-39.2%
EPS (adj)

$0.01

Previous: $0.15-93.3%
Net Income

-$2.2M

Previous: $3.1M-171.0%
Operating Income

$3.1M

Previous: $37.5M-91.7%
Gross Profit

$88.8M

Previous: $157M-43.6%
Cash & Equivalents

$193M

Previous: $12.4M+1458.1%
Total Assets

$1.91B

Previous: $2.49B-23.3%
Stock-Based Comp

$3.7M

Previous: $2.8M+32.1%

Revenue & EPS history

WideOpenWest · Revenue · Quarterly

$178M

Q4 2021-39.2%vs Q4 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

WideOpenWest · $178M total across 5 segments · Q4 2021

  • HSD
    $101M-33.3%
  • Video
    $51M-48.5%
  • Telephony
    $13.6M-39.3%
  • Other Revenue
    $7.8M-48.0%
  • Other Business Services
    $5.4M-11.5%

Forward guidance

WOW! provided guidance for Q1 2022 and Full Year 2022.

Tailwinds

  • Q1 2022 HSD Revenue: $99.0 - $102.0 million
  • Q1 2022 Total Revenue: $171.0 - $174.0 million
  • Q1 2022 Adjusted EBITDA: $65.0 - $68.0 million
  • Full Year 2022 HSD Revenue: $427.0 - $430.0 million
  • Full Year 2022 Total Revenue: $708.0 - $711.0 million

Headwinds

  • Full Year 2022 Adjusted EBITDA: $281.0 - $284.0 million
  • Q1 2022 HSD net additions: 2,300 - 2,700
  • Full Year 2022 HSD net additions: 14,000 - 17,000

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 8 quarterly earnings reports

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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro