Welcome to our dedicated page for WideOpenWest news (Ticker: WOW), a resource for investors and traders seeking the latest updates and insights on WideOpenWest stock.
WideOpenWest, Inc., commonly known as WOW!, is a leading broadband services provider in the United States. Established in 1996, the company initially offered cable TV services in Illinois, Michigan, Ohio, and Indiana. Over the years, it has expanded its portfolio to include digital cable, HDTV, DVRs, high-speed internet, and local and long-distance phone services. The company significantly broadened its reach in 2012 by acquiring Knology, Inc., thus adding markets in Tennessee, Alabama, Georgia, South Carolina, Florida, Kansas, Minnesota, and Iowa.
WOW! is privately owned by Avista Capital Partners and has its corporate offices in Denver. The company's mission is to provide reliable and affordable broadband solutions, focusing on customer satisfaction and quality service. WOW! serves nearly 2 million residential, business, and wholesale consumers across 16 markets primarily located in the Midwest and Southeast, including Michigan, Alabama, Tennessee, South Carolina, Georgia, and Florida.
The company's service portfolio includes high-speed internet, data, voice, cloud services, and cable television. WOW! has been recognized multiple times for its exceptional human resources practices, winning the National Association for Business Resources' Best & Brightest Company to Work For award ten times, including six consecutive years from 2018 to 2023.
Recent achievements include the groundbreaking of an all-fiber network in Hernando County, Florida, and Livingston County, Michigan, part of the company's largest market expansion in its 25-year history. This initiative aims to add 80,000 homes to WOW!'s Michigan footprint and 44,000 homes in Hernando County. The expansion aligns with the company's goal to provide state-of-the-art, reliable fiber networks with simplified pricing and exceptional customer service.
Financially, the company reported a total revenue of $161.5 million for Q1 2024, with a net loss of $15 million, but showed growth in high-speed data revenue and Adjusted EBITDA. WOW! continues to manage its cost base aggressively while making strides in market expansion and service improvements. With plans to introduce more innovative services in the future, WOW! remains committed to meeting the evolving needs of its customers.
WideOpenWest (WOW!) reported Q3 2024 financial results showing mixed performance. Total Revenue decreased 8.7% to $158.0 million, with HSD Revenue down 2.1% to $107.5 million. The company posted a net loss of $22.4 million, though improved from a $104.5 million loss in Q3 2023. Adjusted EBITDA increased 9.0% to $77.3 million. WOW! lost 4,400 HSD subscribers in Q3, including 1,900 due to Affordable Connectivity Program discontinuation. The company secured a new $200 million super-priority term loan and continued expansion in Greenfield markets, passing 1,700 new homes.
WOW! Internet has launched its all-fiber services in Spring Hill, Hernando County, Florida, marking its 10th Greenfield community in the state. This expansion follows the company's plans to add 44,000 new homes in the area. The company's fiber network in Hernando County remained undamaged by Hurricane Milton, ensuring continuous service delivery. WOW! offers simplified all-in pricing with no annual contracts or data caps, including WiFi equipment. The service is now available across multiple Florida locations including Altamonte Springs, Wekiwa Springs, Casselberry, Forest City, Longwood, Sanlando Springs, Lake Mary, Winter Springs, and Sanford.
WideOpenWest (NYSE: WOW), a leading U.S. broadband provider, has scheduled its third quarter 2024 financial results announcement and conference call for Monday, November 4, 2024 at 4:30 p.m. ET. The company will release its financial results before the call, which will be accessible via webcast on their investor relations website and telephone. Domestic participants can dial (800) 715-9871, while international callers should use (646) 307-1963, both using conference ID 2688718. A replay will be available on the investor relations website.
WOW! Internet, TV & Phone (NYSE: WOW) has announced that its subsidiary, WideOpenWest Finance, , has closed on a new $200 million super-priority Senior Term Loan with existing lenders. The loan will mature in December 2028 and bear interest at SOFR plus 7.00%, taking priority over WOW!'s existing credit facility. Existing term loan lenders funding their pro rata share can exchange commitments into the super-priority agreement at various rates.
CEO Teresa Elder stated that this additional liquidity strengthens WOW!'s position to re-accelerate its fiber Greenfield strategy, aiming to pass 400,000 homes with their high-speed fiber network over the next few years. The company has been expanding its network to new communities since 2022.
WOW! Internet, TV & Phone (NYSE: WOW) and the Augusta GreenJackets have concluded another successful MiLB season honoring outstanding educators in the Central Savannah River Area (CSRA) through the WOW! Teacher of the Month Award. For the seventh consecutive year, the program recognized teachers who excel in creating positive educational experiences. Five teachers were honored during home games at SRP Park, each receiving $500 for classroom expenses, four GreenJackets tickets, and a commemorative plaque.
Additionally, WOW! participated in the Stuff the Bus Annual School Supply Drive, benefiting the United Way of the CSRA. This initiative helps alleviate financial burdens for families during back-to-school shopping. WOW! continues to support the CSRA community by providing internet, phone, and TV services to the GreenJackets' stadium, SRP Park.
WideOpenWest (WOW!) reported Q2 2024 results with total revenue of $158.8 million, down 8% year-over-year. High-speed data (HSD) revenue was $105.0 million, a slight 1.6% decrease. The company posted a net loss of $10.8 million for the quarter. However, Adjusted EBITDA increased 2.8% to $70.0 million with a 44.1% margin. WOW! passed approximately 8,900 new homes in Greenfield and Edge-out markets. The company experienced a net loss of 4,700 HSD subscribers, partly due to discontinuing the Affordable Connectivity Program. WOW! provided Q3 2024 guidance, projecting HSD revenue of $106.0-$109.0 million and total revenue of $157.0-$160.0 million.
WideOpenWest, Inc. (NYSE: WOW), a leading U.S. broadband provider, has announced its plans to release second quarter 2024 financial results on Thursday, August 8, 2024. The company will host a webcast and conference call at 4:30 p.m. ET to discuss these results. Investors can access the live broadcast on WOW!'s investor relations website at ir.wowway.com. For those preferring to participate via telephone, domestic callers can dial (800) 715-9871, while international callers should use (646) 307-1963, both using the conference ID 9830786. A replay of the call will be made available on the investor relations website for those unable to attend the live event.
WOW! Internet, TV & Phone (NYSE: WOW) has been named one of the Best Companies To Work For In Florida by Workforce Research Group and Florida Trend. This recognition follows WOW!'s selection as a Best and Brightest Company to Work For in the Nation® for the 7th consecutive year. The company has been expanding its presence in Central Florida, bringing its all-IP fiber network to more communities.
WOW! was honored for its focus on employees and creating a work culture that instills pride. The company has been recognized for success in areas such as general employee experience, role satisfaction, communication, workplace culture, diversity and inclusion, leadership, and work-life balance. This award comes as WOW! continues to grow its footprint across Florida, serving customers in various Central Florida communities and creating more opportunities for employee growth and success.
WOW! Internet, TV & Phone (NYSE: WOW) has been named a 2024 Best and Brightest Company to Work For in the Nation® for the 11th time and 7th consecutive year by the National Association for Business Resources (NABR). This recognition highlights WOW!'s commitment to fostering an inclusive workplace and providing employees with opportunities for success.
The company has enhanced its local involvement through volunteer opportunities and improved employee engagement via learning and development programs. WOW! employees praised the company for its customer focus, professional growth opportunities, and teamwork across departments.
The NABR evaluated WOW! based on various factors, including employee achievement, communication, work-life balance, diversity and inclusion, and strategic company performance. WOW! has also been recognized as a Best and Brightest Company to Work For in Atlanta, Chicago, Metro Detroit, and Denver.
WOW! Internet, TV & Phone (NYSE: WOW) announced a $10,000 donation to Rebuild Upstate, a nonprofit in Greenville, SC, to support affordable housing. The donation coincides with the launch of WOW!'s all-fiber network in Mauldin, SC. WOW! employees also participated in volunteer work, constructing a ramp and handrails for a local homeowner. This initiative is part of WOW!'s plan to strengthen community ties and expand its Greenfield market in Greenville County, including Five Forks, Fountain Inn, and Simpsonville. The company is known for reliable broadband services with no annual contracts and no data caps.
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