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, Inc. (WOW) reported first-quarter financial results for 2021, revealing a total revenue of $286.3 million, representing a 1% increase year-over-year. Net income reached $9.6 million, with diluted earnings per share of $0.11. High-speed data (HSD) revenue rose 12% to $152.7 million, marking the sixth consecutive quarter of record HSD revenue. Adjusted EBITDA increased 13% to $112.4 million, with a margin of 39.3%. Total subscribers grew by 3% to 859,200.
WOW! Internet, Cable & Phone (NYSE: WOW) announces a conference call on May 4, 2021, at 8:00 a.m. ET to discuss the first quarter financial results. A press release will precede the call, providing detailed financial data. Interested parties can join via the investor relations website or by telephone. A replay will be available later that day and until June 2, 2021. WOW! serves three million customers across 19 markets in the Midwest and Southeast, focusing on delivering high-speed internet, cable TV, and phone services.
On April 1, 2021, WOW! Internet, operating as NuLink in Newnan, Georgia, announced that over 90% of its network has been restored following significant damage from a recent tornado. Restoration efforts are ongoing, focusing on areas west of Jackson and Greenville Streets. The company has provided free community WiFi hotspots to assist residents in accessing essential services during the disruption. Despite challenges posed by the emergency, NuLink remains committed to restoring services promptly, adhering to local emergency management protocols.
WOW! Internet, Cable & Phone (NYSE: WOW) has reported that it is actively repairing network damage caused by a recent tornado in Newnan, Georgia. Currently, services have been restored to approximately one-third of affected customers. NuLink engineers are working to restore full connectivity as debris is cleared and safety is ensured. In support of the local community, free WiFi hotspots have been made available at key locations. WOW! emphasizes the critical need for internet access post-disaster, as restoration efforts continue.
WOW! Internet, Cable & Phone (NYSE: WOW) launched Local Advantage, an advertising promotion aimed at assisting small business customers during the COVID-19 pandemic. This initiative offers featured spots in WOW! Business commercials, enhancing visibility without additional costs. Customers can benefit from a 12-week advertising campaign across local networks. The company also recently introduced a Business Home Office Solution to help businesses adapt to remote work. This reflects WOW!'s commitment to support local businesses during challenging times.
WOW! Internet, Cable & Phone (NYSE: WOW) will participate in the Deutsche Bank Media, Internet & Telecom Conference on March 9, 2021 at 10:00 a.m. EST. CEO Teresa Elder and CFO John Rego will represent the company during this event. A live webcast of their presentation will be available on WOW!'s investor relations website. WOW! is a leading broadband provider in the U.S., serving over three million residential and business customers across 19 markets.
WideOpenWest reported Q4 2020 revenue of $293.2 million and net income of $3.1 million, with diluted EPS at $0.04. High-speed data (HSD) revenue rose 13.4% to $150.7 million, contributing to full-year revenue of $1.148 billion and net income of $14.4 million. HSD RGUs increased by 32,300 for the year. Adjusted EBITDA was $123.2 million (42.0% margin). Operating expenses decreased by 6%, while SG&A rose by 23%. Capital expenditures totaled $234.1 million. Despite COVID-19 impacts of $12.7 million, the company anticipates Q1 2021 revenue between $281-284 million.
WOW! Internet, Cable & Phone (NYSE: WOW) has launched Fiber Flex, a new cost-effective high-speed data service aimed at supporting small and medium-sized businesses affected by the COVID-19 pandemic. With a significant percentage of these businesses struggling financially, Fiber Flex offers reliable internet access at reduced costs, allowing them to manage operational goals without sacrificing essential services. The new service is available in seven markets across Alabama, Tennessee, Indiana, Georgia, Ohio, South Carolina, and Florida.
FAQ
What is the current stock price of WideOpenWest (WOW)?
What is the market cap of WideOpenWest (WOW)?
What services does WOW! offer?
Where is WOW! available?
Who owns WOW!?
What are WOW!'s recent achievements?
How many customers does WOW! serve?
How did WOW! expand its market presence in 2012?
What are WOW!'s core values?
How has WOW! performed financially recently?
What is WOW!'s approach to customer service?
What awards has WOW! received for its workplace practices?
