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WideOpenWest, Inc. - WOW STOCK NEWS

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.

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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.

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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.

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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.

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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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WOW! Internet, Cable & Phone (NYSE: WOW) expands its services to Headland, Alabama, enhancing its fiber network capabilities. This initiative enables local residents to access symmetrical Internet speeds of up to 5 Gig, facilitating uninterrupted streaming and video conferencing. The company aims to deliver reliable and affordable broadband options, alongside its range of services including Whole-Home WiFi and mobile plans. CEO Teresa Elder emphasizes WOW!'s commitment to providing excellent customer service and competitive Internet options in underserved communities.

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WOW! Internet, Cable & Phone (NYSE: WOW) will hold a webcast and conference call on November 3, 2022, at 8:00 a.m. ET to discuss its third-quarter 2022 financial results. A news release with results will be issued earlier that day. The call can be accessed via the company's investor relations site or by phone. A replay will be available post-call until November 17, 2022. WOW! serves approximately 1.9 million consumers in 14 markets across the U.S., focusing on delivering high-speed internet and cable services.

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WOW! Internet, Cable & Phone (NYSE: WOW) has donated $45,000 to Goldsboro Elementary Magnet School in Sanford, Florida, to enhance the technology and simulation software of its Kids Space Center. This initiative is part of WOW!'s ongoing commitment to investing in the community as they prepare to launch services in Central Florida. The donation will update the Space Center's mission control, experiment bays, and software, supporting STEM education. WOW!'s CEO, Teresa Elder, emphasized the importance of community involvement in education.

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On October 12, 2022, WOW! Internet, Cable & Phone (NYSE: WOW) announced a $30,000 donation to the American Red Cross for Hurricane Ian relief efforts in Florida. This support aims to aid shelters and emergency services in areas like Pinellas County and Tampa, which faced severe storm impacts, including flooding and power outages. WOW! is committed to assisting local communities during the long recovery process.

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WOW! Internet, Cable & Phone (NYSE: WOW) released its inaugural 2022 ESG/Sustainability Report, emphasizing its commitment to environmental stewardship and community support. The report highlights strategies such as fleet optimization to reduce CO2 emissions by 26.4% in 2021, energy-efficient solutions, and a 59% decrease in real estate footprint. WOW! also promotes employee well-being and community engagement through initiatives like scholarships and volunteer programs. The company is recognized for its corporate governance, with a diverse board and strong compliance measures.

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WideOpenWest reported total revenue of $176.1 million for Q2 2022, a 3% decrease year-over-year. High-Speed Data (HSD) revenue rose to $102.6 million, up 4%. Net income fell to $4.0 million, yielding a net profit margin of 2.3%, down from 4.3% a year ago. Pro Forma Adjusted EBITDA reached a record $70.6 million, increasing 10% from last year, with a margin of 40.1%. Subscriber growth continued, with 2,200 new HSD RGUs. The company aims to boost HSD revenue between $415.0 million and $419.0 million for the full year.

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FAQ

What is the current stock price of WideOpenWest (WOW)?

The current stock price of WideOpenWest (WOW) is $4.71 as of December 20, 2024.

What is the market cap of WideOpenWest (WOW)?

The market cap of WideOpenWest (WOW) is approximately 405.2M.

What services does WOW! offer?

WOW! offers high-speed internet, digital cable, HDTV, DVRs, local and long-distance phone services, and business data and cloud services.

Where is WOW! available?

WOW! provides services in 16 markets primarily in the Midwest and Southeast, including Michigan, Alabama, Tennessee, South Carolina, Georgia, and Florida.

Who owns WOW!?

WOW! is privately owned by Avista Capital Partners.

What are WOW!'s recent achievements?

WOW! recently began construction of an all-fiber network in Hernando County, Florida, and Livingston County, Michigan, part of a significant market expansion.

How many customers does WOW! serve?

WOW! serves nearly 2 million residential, business, and wholesale consumers.

How did WOW! expand its market presence in 2012?

WOW! expanded its market presence by acquiring Knology, Inc., adding services in Tennessee, Alabama, Georgia, South Carolina, Florida, Kansas, Minnesota, and Iowa.

What are WOW!'s core values?

WOW! focuses on providing reliable service, customer satisfaction, and affordable prices, supported by a diverse and experienced management team.

How has WOW! performed financially recently?

For Q1 2024, WOW! reported total revenue of $161.5 million and a net loss of $15 million, while showing growth in high-speed data revenue and Adjusted EBITDA.

What is WOW!'s approach to customer service?

WOW! is committed to delivering exceptional customer service with simplified pricing, no data caps, and no annual contracts.

What awards has WOW! received for its workplace practices?

WOW! has been recognized ten times by the National Association for Business Resources as a Best & Brightest Company to Work For, winning the award for six consecutive years.

WideOpenWest, Inc.

NYSE:WOW

WOW Rankings

WOW Stock Data

405.23M
49.68M
4.06%
79.05%
2.2%
Telecom Services
Cable & Other Pay Television Services
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