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.
WOW! Internet, Cable & Phone (NYSE: WOW) has launched its all-fiber network in Headland, Alabama, welcoming its first customers with multi-Gig speeds, the fastest in the region. This expansion allows WOW! to provide reliable broadband services to more residents and businesses, adding to its existing service areas like Dothan. Customers can access symmetrical Internet speeds up to 5 Gbps, unlimited data, and promotional offers including free installation and HBO Max subscriptions. CEO Teresa Elder highlighted WOW!'s commitment to customers and community engagement as key to its ongoing growth.
WOW! Internet, Cable & Phone (NYSE: WOW) has announced a webcast and conference call scheduled for February 23, 2023, at 8:00 a.m. ET, to discuss its fourth quarter and full year 2022 financial results. Prior to the call, WOW! will release its earnings report on the same morning. The conference call will be accessible via the company's investor relations website and by phone, with a replay available later the same day. WOW! serves nearly 2 million customers across 15 markets, mainly in the Midwest and Southeast U.S., offering a range of services including high-speed Internet and cable TV. The company has been recognized for its exceptional workplace practices.
WOW! Internet, Cable & Phone (NYSE: WOW) has launched its all-fiber broadband services in Altamonte Springs, Florida, marking a pivotal step in its Greenfield market expansion. The new network currently passes over 1,000 homes, and services include symmetrical internet speeds up to 5 Gigs, unlimited data, and no annual contracts. To celebrate this launch, WOW! is offering new customers free professional installation, Visa Rewards gift cards, and a subscription to HBO Max for select tiers. Expansion plans are underway to serve additional Seminole County communities and Greenville County, South Carolina.
WOW! Internet, Cable & Phone (NYSE: WOW) has donated $5,000 to Cottonwood Elementary and Houston County High School in Alabama. The funding aims to enhance technology access by purchasing necessary equipment like laptops and chargers. Operations Manager John Parkhurst emphasized the importance of supporting educational needs, especially as reliance on broadband has surged. Earlier donations were also made to schools in Newnan, Georgia and Sanford, Florida. CEO Teresa Elder noted the critical need for reliable technology in education.
On November 16, 2022, WOW! Internet, Cable & Phone (NYSE: WOW) announced that its executives received high rankings in the 2023 All-America Executive Team by Institutional Investor. CEO Teresa Elder was ranked #2, CFO John Rego at #2, and VP Andrew Posen ranked #3 for Best IR Professional. The company has been recognized alongside 31 peers for its effective investor relations program, leadership, and ESG strategies. WOW! continues to focus on market expansions, debt reduction, and employee development, affirming its commitment to growth and stakeholder value.
WOW! Internet, Cable & Phone (NYSE: WOW), a key broadband provider in the U.S., will participate in the RBC Capital Markets 2022 Technology, Internet, Media and Telecommunications Conference. CFO John Rego is scheduled for a fireside chat on November 15, 2022, at 4:20 PM ET. The event will be available via live webcast on the company's Investor Relations website. WOW! serves 1.9 million consumers across 14 markets, focusing on high-speed internet, cable TV, and phone services, and has received accolades for its workplace culture.
WideOpenWest, Inc. (WOW) reported Q3 2022 revenue of $173.7 million, down 6% YoY, with HSD revenue decreasing 1% to $102.3 million. Net income was $0.5 million, a significant drop from $517.9 million in Q3 2021, resulting in a net profit margin of 0.3%. Pro Forma Adjusted EBITDA rose 3% to $68.5 million, boosting the EBITDA margin to 39.4%. The Board authorized a $50 million share repurchase program over 18 months. Total subscribers increased by 6,500, totaling 538,100, while capital expenditures decreased by $3 million to $37.7 million, marking 22% of total revenue.
WOW! Internet, Cable & Phone (NYSE: WOW) has begun construction on its first Greenfield market in Altamonte Springs, Florida. This expansion aims to meet the increasing demand for fast, reliable broadband, introducing an all-IP fiber network to the region. WOW! will provide symmetrical Internet speeds of up to 5 Gigs and additional services such as Whole-Home WiFi, TV, and phone plans. The company is also committed to community engagement, exemplified by a recent $45,000 donation to a local school. This move is part of WOW!'s larger growth strategy in Central Florida.
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