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.
On July 26, 2022, WOW! Internet, Cable & Phone (NYSE: WOW) announced a forthcoming webcast and conference call on August 5, 2022, at 8:00 a.m. ET to discuss its Q1 2022 financial and operating results. A news release detailing these results will be issued earlier that day. The call will be available via the company's investor relations website and by phone, with a replay accessible starting August 5 at 11:00 a.m. ET through August 19.
WOW! Internet, Cable & Phone has launched WOW! mobile powered by Reach, expanding its offerings to include flexible wireless services across its entire footprint. Customers can enjoy no-contract, low-cost mobile plans with various data options, enhancing affordability in today's high-cost environment. Existing WOW! internet customers can avail of additional savings. This new service utilizes the nation's largest 5G network, reflecting the company's commitment to connecting customers efficiently and economically.
WOW! Internet, Cable & Phone has announced the launch of its fastest internet service yet, offering 1.2 Gig download speeds and 50 Mbps upload speeds for residential customers. This service is available to both new and existing customers and includes a free modem and unlimited data where applicable. The initiative aims to meet increasing demand for reliable internet amid pandemic-driven changes in work and entertainment. WOW! serves 1.9 million consumers across 14 markets in the Midwest and Southeast and is committed to providing affordable, high-performance broadband services.
WOW! Internet, Cable & Phone (NYSE: WOW) announced its participation in the Credit Suisse 24th Annual Communications Conference on June 14, 2022. CEO Teresa Elder and CFO John Rego will engage in a virtual fireside chat at 2:05 PM ET. The event will be webcast live on the company's investor relations website at ir.wowway.com. WOW! serves 1.9 million consumers across 14 markets, offering high-speed internet, cable TV, and phone services.
WOW! Internet, Cable & Phone (NYSE: WOW) is advancing its Greenfield expansion strategy by promoting key leaders and acquiring a new facility to support operations in Seminole and Orange Counties, Florida. Michael Healy has been appointed director of government affairs, focusing on strategic partnerships, while Artney Dennis is now operations manager for Central Florida. These efforts aim to enhance WOW!'s fiber-to-the-home network and improve service delivery in new markets, reinforcing the company's commitment to high-speed internet services.
WOW! Internet, Cable & Phone (NYSE: WOW) is reinforcing its network and emergency response teams ahead of the 2022 hurricane season, which begins on June 1. With forecasts predicting 14-21 named storms and 6-10 hurricanes, WOW! is committed to ensuring service continuity. The company emphasizes the importance of internet access during emergencies and has put in place crisis management plans. Additionally, WOW! provides tips for residents to prepare, including preloading their website and keeping emergency contacts accessible.
WideOpenWest reported first-quarter 2022 revenue of $174.6 million, down 4% year-over-year. However, High-Speed Data (HSD) revenue increased by 4% to $100.1 million. The company's net income was $5.7 million, a significant improvement from a net loss of $22.7 million a year earlier. Pro Forma Adjusted EBITDA rose 8% to $66.4 million, achieving a margin of 38%. The firm is expanding its Greenfield projects, targeting 400,000 homes by 2027 with a capital investment of $400 million. Operating expenses decreased by 11%.
WOW! Internet, Cable & Phone announced a significant increase in its Greenfield expansion plans, doubling its investment to $400 million and aiming to pass 400,000 homes by 2027. This expansion, which includes nearly 30,000 homes in Greenville County, South Carolina, will boost WOW!'s total homes passed by 21%. The company also raised its Central Florida expansion expectations from 100,000 to 150,000 homes. These developments are part of WOW!'s strategy to address the increasing demand for high-speed broadband services across its service areas.
WOW! Internet, Cable & Phone (NYSE: WOW) announced it will host a webcast and conference call on May 9, 2022, at 8:00 a.m. ET to discuss its first-quarter 2022 financial results. A press release with the results will be issued earlier that day. Interested parties can participate by phone or via the company's investor relations website. A replay will be available on the same day at 11:00 a.m. ET and will remain accessible until May 23, 2022.
WOW! Internet, Cable & Phone (NYSE: WOW) announced its participation in upcoming investor conferences. The events include:
- March 7, 2022, at 1:40 PM EST - Raymond James 43rd Institutional Investor Conference
- March 9, 2022, at 4:30 PM EST - KeyBanc Emerging Technology Summit
A live webcast of these presentations will be available on the company's investor relations website. WOW! serves 1.9 million customers across 14 markets, focusing on broadband services in the Midwest and Southeast.
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?
