NYSE$WOW

WideOpenWest Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

WOW! reported mixed results for Q4 2023, with revenue decline offset by HSD revenue increase and margin expansion.

WideOpenWest (WOW!) reported a decrease in total revenue for Q4 2023, but experienced growth in high-speed data (HSD) revenue and achieved record Adjusted EBITDA margins. The company is focused on expanding its network and subscriber base in new markets.

  • Total revenue decreased by 6% compared to Q4 2022.
  • HSD revenue increased by 1% compared to Q4 2022.
  • Net loss was $43.5 million for the quarter.
  • Adjusted EBITDA decreased by 4.6% compared to Q4 2022, but Adjusted EBITDA margin increased to 42.2%.

Headline financials

Total Revenue

$169M

Previous: $181M-6.5%
EPS (adj)

-$0.54

Previous: -$0.15-260.0%
Total Subscribers

504.1K

Previous: 530.6K-5.0%
HSD RGUs

490.1K

Previous: 511.6K-4.2%
Video RGUs

90.8K

No prior period
Telephony RGUs

79.5K

No prior period
Total RGUs

660.4K

No prior period
Homes Passed

1.9M

No prior period
Capital Expenditures

-$80.6M

No prior period
Net Income

-$43.5M

Previous: -$12.7M-242.5%
Operating Income

-$35.6M

Previous: -$25.5M-39.6%
Gross Profit

$41.1M

Previous: $103M-60.1%
Stock-Based Comp

$2.9M

Previous: $7.3M-60.3%

Revenue & EPS history

WideOpenWest · Revenue · Quarterly

$169M

Q4 2023-6.5%vs Q4 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

WOW! provided guidance for Q1 2024, including HSD revenue between $104.0 and $107.0 million, total revenue between $159.0 and $162.0 million, Adjusted EBITDA between $64.0 and $67.0 million, and HSD net additions between (2,000) and (500).

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 Q4 2023

Historical avgQ4 2023

-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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