WOW! REPORTS THIRD QUARTER 2024 RESULTS
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.
WideOpenWest (WOW!) ha riportato i risultati finanziari del Q3 2024 mostrando una performance mista. I ricavi totali sono diminuiti dell'8,7% a 158,0 milioni di dollari, con i ricavi HSD in calo del 2,1% a 107,5 milioni di dollari. L'azienda ha registrato una perdita netta di 22,4 milioni di dollari, sebbene in miglioramento rispetto alla perdita di 104,5 milioni di dollari nel Q3 2023. L'EBITDA rettificato è aumentato del 9,0% a 77,3 milioni di dollari. WOW! ha perso 4.400 abbonati HSD nel Q3, di cui 1.900 a causa della discontinuità del Programma di Connettività Affordabile. L'azienda ha ottenuto un nuovo prestito a termine super-prioritario da 200 milioni di dollari e ha continuato l'espansione nei mercati Greenfield, passando a 1.700 nuove abitazioni.
WideOpenWest (WOW!) reportó los resultados financieros del tercer trimestre de 2024 mostrando un rendimiento mixto. Los ingresos totales disminuyeron un 8,7% a 158,0 millones de dólares, con ingresos por HSD cayendo un 2,1% a 107,5 millones de dólares. La compañía reportó una pérdida neta de 22,4 millones de dólares, aunque mejoró frente a una pérdida de 104,5 millones de dólares en el tercer trimestre de 2023. El EBITDA ajustado aumentó un 9,0% a 77,3 millones de dólares. WOW! perdió 4,400 suscriptores de HSD en el tercer trimestre, incluyendo 1,900 debido a la descontinuación del Programa de Conectividad Asequible. La compañía obtuvo un nuevo préstamo a plazo superprioritario de 200 millones de dólares y continuó la expansión en los mercados Greenfield, alcanzando 1,700 nuevas viviendas.
WideOpenWest (WOW!)는 2024년 3분기 재무 결과를 발표하며 혼합된 성과를 보였습니다. 총 수익은 1억 5800만 달러로 8.7% 감소했으며, HSD 수익은 1억 750만 달러로 2.1% 감소했습니다. 회사는 2240만 달러의 순손실을 기록했지만, 이는 2023년 3분기의 1억 4450만 달러 손실보다 개선된 수치입니다. 조정된 EBITDA는 7730만 달러로 9.0% 증가했습니다. WOW!는 3분기에 4400명의 HSD 가입자를 잃었고, 그 중 1900명은 저소득층 연결 프로그램 중단 때문입니다. 회사는 새로운 2억 달러의 우선 상환 기한 대출을 확보하였고, 그린필드 시장에서 1700개의 새로운 주택으로 확장을 지속했습니다.
WideOpenWest (WOW!) a annoncé les résultats financiers du troisième trimestre 2024, montrant une performance mitigée. Le revenu total a diminué de 8,7% pour atteindre 158,0 millions de dollars, avec un revenu HSD en baisse de 2,1% à 107,5 millions de dollars. L'entreprise a enregistré une perte nette de 22,4 millions de dollars, bien que cela s'améliore par rapport à une perte de 104,5 millions de dollars au troisième trimestre 2023. L'EBITDA ajusté a augmenté de 9,0% pour atteindre 77,3 millions de dollars. WOW! a perdu 4 400 abonnés HSD au troisième trimestre, dont 1 900 en raison de l'arrêt du Programme de Connectivité Abordable. L'entreprise a sécurisé un nouveau prêt à terme super-prioritaire de 200 millions de dollars et a poursuivi son expansion sur les marchés Greenfield, atteignant 1 700 nouveaux foyers.
WideOpenWest (WOW!) hat die finanziellen Ergebnisse des 3. Quartals 2024 veröffentlicht, die eine gemischte Leistung zeigen. Der Gesamtumsatz sank um 8,7% auf 158,0 Millionen Dollar, während der HSD-Umsatz um 2,1% auf 107,5 Millionen Dollar zurückging. Das Unternehmen verzeichnete einen Nettoverlust von 22,4 Millionen Dollar, was jedoch eine Verbesserung gegenüber einem Verlust von 104,5 Millionen Dollar im 3. Quartal 2023 darstellt. Das bereinigte EBITDA stieg um 9,0% auf 77,3 Millionen Dollar. WOW! verlor im 3. Quartal 4.400 HSD-Abonnenten, darunter 1.900 aufgrund der Einstellung des Affordable Connectivity Program. Das Unternehmen sicherte sich ein neues superprioritäres Darlehen in Höhe von 200 Millionen Dollar und setzte die Expansion in den Greenfield-Märkten fort, wodurch 1.700 neue Haushalte erreicht wurden.
- Adjusted EBITDA increased by 9.0% to $77.3 million
- Secured new $200 million super-priority term loan improving liquidity
- Achieved 45.0% penetration rate in 2024 Edge-out projects
- Operating expenses decreased by 17% to $62.6 million
- Total Revenue declined 8.7% to $158.0 million
- Net loss of $22.4 million in Q3 2024
- HSD Revenue decreased 2.1% to $107.5 million
- Lost 4,400 HSD subscribers during Q3 2024
- Total subscribers decreased by 26,900 (5%) year-over-year
Insights
Q3 2024 results reveal significant challenges for WOW!, with
The company's Adjusted EBITDA increased by
Subscriber metrics show ongoing challenges with a loss of 4,400 HSD RGUs, continuing a downward trend. The total leverage ratio of 3.4x suggests manageable debt levels, but declining revenues and subscriber numbers warrant careful monitoring.
The expansion strategy shows mixed results in new markets. Greenfield initiatives achieved a
The pending acquisition proposal from DigitalBridge Investments and Crestview entities could significantly impact WOW!'s future direction. The revised FY2024 guidance projecting HSD net losses of 16,500-19,500 subscribers suggests continued challenges in maintaining market share amid fierce competition in the broadband sector.
Continued to Grow Penetration Rates in Expansion Markets
Third Quarter 2024 Highlights (1)
- Total Revenue of
, a decrease of$158.0 million , or$15.1 million 8.7% , compared to the third quarter of 2023 - HSD Revenue totaled
, a decrease of$107.5 million , or$2.3 million 2.1% , compared to the third quarter of 2023 - Net Loss was
for the quarter ended September 30, 2024$22.4 million - Adjusted EBITDA of
, an increase of$77.3 million , or$6.4 million 9.0% , compared to the third quarter of 2023 - Net loss of 4,400 HSD RGUs for the quarter ended September 30, 2024, including 1,900 related to the discontinuation of the Affordable Connectivity Program
- Passed approximately 1,700 new homes in Greenfield and Edge-out markets in the third quarter of 2024
- On October 11, 2024, closed on
new super-priority term loan$200.0 million
"During the third quarter we demonstrated the strength of our strategy in our expansion markets where we increased penetration rates to higher levels and grew ARPU," said Teresa Elder, WOW!'s CEO. "We continue to make progress in these new markets, especially as we added customers in
"Securing the new
Revenue
Total Revenue was
Total Subscription Revenue for the quarter ended September 30, 2024 was
Other Business Services Revenue totaled
Other Revenue totaled
(1) | Refer to "Non-GAAP Financial Measures" "Unaudited Reconciliations of GAAP Measures to Non-GAAP Measures," and "Subscriber Information" in this Press Release for definitions and information related to Adjusted EBITDA, Adjusted EBITDA margin and reconciliation of non-GAAP measures to the closest comparable GAAP measures and why our management thinks it is beneficial to present such non-GAAP measures. |
Costs and Expenses
Operating Expenses (excluding Depreciation and Amortization) totaled
Net Loss
Net Loss for the quarter ended September 30, 2024 was
Adjusted EBITDA
Adjusted EBITDA for the quarter ended September 30, 2024 was
Subscribers
WOW! reported Total Subscribers of approximately 490,500 as of September 30, 2024, a decrease of 26,900, or
Market Expansion
Market Expansion projects passed an additional 1,700 homes for the quarter ended September 30, 2024, including 100 additional homes in Greenfield markets and 1,600 additional homes in Edge-out projects. As of September 30, 2024, Greenfield initiatives passed a total of 52,600 homes and 9,200 subscribers, representing a
At September 30, 2024, the 2024 Edge-out projects passed 6,000 new homes and 2,700 subscribers, representing a
Capital Expenditures
Capital Expenditures totaled
Liquidity and Leverage
On October 11, 2024, the Company closed on a new super-priority credit agreement consisting of a new Senior Term Loan in an aggregate principal amount of
As of September 30, 2024, the total outstanding amount of long-term debt and finance lease obligations was
Acquisition Proposal Update
On May 2, 2024, the WOW! Board of Directors received an unsolicited non-binding preliminary acquisition proposal from DigitalBridge Investments, LLC and various
Full Year 2024 Guidance
FY 2024 | ||
HSD Revenue | ||
Total Revenue | ||
Adjusted EBITDA | ||
HSD net additions | (19,500 - 16,500) |
Webcast
WOW! will host a webcast and conference call on Monday, November 4, 2024 at 4:30 p.m. ET to discuss the financial and operating results contained in this press release. The conference call and webcast will be broadcast live on the Company's investor relations website at ir.wowway.com. Those parties interested in participating can use the information as follows:
Call Date: | Monday, November 4, 2024 | Call Time: | 4:30 p.m. Eastern | |||
Dial In: | (800) 715-9871 | International: | (646) 307-1963 | |||
Conf. ID: | 2688718 |
A replay of the call will be available on the investor relations website.
WIDEOPENWEST, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (unaudited) | ||||||
September 30, | December 31, | |||||
2024 | 2023 | |||||
(in millions, except share data) | ||||||
Assets | ||||||
Current assets | ||||||
Cash and cash equivalents | $ | 21.6 | $ | 23.4 | ||
Accounts receivable—trade, net of allowance for doubtful accounts of | 34.0 | 38.8 | ||||
Accounts receivable—other, net | 3.5 | 9.5 | ||||
Prepaid expenses and other | 39.8 | 38.5 | ||||
Total current assets | 98.9 | 110.2 | ||||
Right-of-use lease assets—operating | 20.1 | 20.1 | ||||
Property, plant and equipment, net | 823.8 | 830.4 | ||||
Franchise operating rights | 278.3 | 278.3 | ||||
Goodwill | 225.1 | 225.1 | ||||
Intangible assets subject to amortization, net | 0.7 | 1.0 | ||||
Other non-current assets | 47.2 | 49.6 | ||||
Total assets | $ | 1,494.1 | $ | 1,514.7 | ||
Liabilities and stockholders' equity | ||||||
Current liabilities | ||||||
Accounts payable—trade | $ | 45.5 | $ | 59.5 | ||
Accrued interest | 1.5 | 1.6 | ||||
Current portion of long-term lease liability—operating | 4.5 | 4.3 | ||||
Accrued liabilities and other | 76.6 | 60.0 | ||||
Current portion of long-term debt and finance lease obligations | 17.9 | 18.8 | ||||
Current portion of unearned service revenue | 24.8 | 25.4 | ||||
Total current liabilities | 170.8 | 169.6 | ||||
Long-term debt and finance lease obligations, net of debt issuance costs —less current portion | 955.1 | 915.7 | ||||
Long-term lease liability—operating | 17.8 | 18.0 | ||||
Deferred income taxes, net | 102.5 | 125.7 | ||||
Other non-current liabilities | 31.3 | 27.5 | ||||
Total liabilities | 1,277.5 | 1,256.5 | ||||
Commitments and contingencies | ||||||
Stockholders' equity: | ||||||
Preferred stock, | — | — | ||||
Common stock, September 30, 2024 and December 31, 2023, respectively; 84,759,012 and 83,557,786 outstanding as of September 30, 2024 and December 31, 2023, respectively | 1.0 | 1.0 | ||||
Additional paid-in capital | 400.1 | 391.8 | ||||
Retained earnings (accumulated deficit) | (27.9) | 20.3 | ||||
Treasury stock at cost, 15,405,599 and 15,036,843 shares as of September 30, 2024 and December 31, 2023, respectively | (156.6) | (154.9) | ||||
Total stockholders' equity | 216.6 | 258.2 | ||||
Total liabilities and stockholders' equity | $ | 1,494.1 | $ | 1,514.7 |
WIDEOPENWEST, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE THREE AND NINE MONTHS ENDED (unaudited) | ||||||||||||
Three months ended | Nine months ended | |||||||||||
September 30, | September 30, | |||||||||||
2024 | 2023 | 2024 | 2023 | |||||||||
(in millions, except for share data) | ||||||||||||
Revenue: | ||||||||||||
HSD | $ | 107.5 | $ | 109.8 | $ | 318.7 | $ | 321.7 | ||||
Video | 28.0 | 38.9 | 90.6 | 122.6 | ||||||||
Telephony | 10.5 | 11.6 | 32.2 | 35.8 | ||||||||
Total subscription services revenue | 146.0 | 160.3 | 441.5 | 480.1 | ||||||||
Other business services | 4.5 | 5.4 | 14.8 | 15.7 | ||||||||
Other | 7.5 | 7.4 | 22.0 | 22.1 | ||||||||
Total revenue | 158.0 | 173.1 | 478.3 | 517.9 | ||||||||
Costs and expenses: | ||||||||||||
Operating (excluding depreciation and amortization) | 62.6 | 75.6 | 194.7 | 229.3 | ||||||||
Selling, general and administrative | 37.9 | 37.5 | 112.1 | 166.6 | ||||||||
Depreciation and amortization | 55.2 | 49.4 | 160.3 | 141.6 | ||||||||
Impairment losses on intangibles | — | 131.7 | — | 259.8 | ||||||||
155.7 | 294.2 | 467.1 | 797.3 | |||||||||
Income (loss) from operations | 2.3 | (121.1) | 11.2 | (279.4) | ||||||||
Other income (expense): | ||||||||||||
Interest expense | (31.6) | (18.9) | (70.4) | (51.1) | ||||||||
Other income, net | 0.4 | (0.1) | 0.9 | 1.9 | ||||||||
Loss from operations before provision for income tax | (28.9) | (140.1) | (58.3) | (328.6) | ||||||||
Income tax benefit | 6.5 | 35.6 | 10.1 | 84.4 | ||||||||
Net loss | $ | (22.4) | $ | (104.5) | $ | (48.2) | $ | (244.2) | ||||
Basic and diluted loss per common share | ||||||||||||
Basic | $ | (0.27) | $ | (1.29) | $ | (0.59) | $ | (2.99) | ||||
Diluted | $ | (0.27) | $ | (1.29) | $ | (0.59) | $ | (2.99) | ||||
Weighted-average common shares outstanding | ||||||||||||
Basic | 82,053,403 | 80,888,537 | 81,782,166 | 81,797,740 | ||||||||
Diluted | 82,053,403 | 80,888,537 | 81,782,166 | 81,797,740 |
WIDEOPENWEST, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) | ||||||
Nine Months Ended | ||||||
September 30, | ||||||
2024 | 2023 | |||||
(in millions) | ||||||
Cash flows from operating activities: | ||||||
Net loss | $ | (48.2) | $ | (244.2) | ||
Adjustments to reconcile net loss to net cash provided by operating activities: | ||||||
Depreciation and amortization | 158.0 | 141.3 | ||||
Deferred income taxes | (23.1) | (86.7) | ||||
Provision for doubtful accounts | 7.3 | 8.5 | ||||
Loss on sale of operating assets, net | 2.3 | 0.3 | ||||
Amortization of debt issuance costs and discount | 1.3 | 1.3 | ||||
Change in fair value of derivative instruments | 10.9 | — | ||||
Impairment losses on intangibles | — | 259.8 | ||||
Non-cash compensation | 8.3 | 13.9 | ||||
Other non-cash items | (0.2) | 0.1 | ||||
Changes in operating assets and liabilities: | ||||||
Receivables and other operating assets | 4.4 | (16.7) | ||||
Payables and accruals | 11.8 | 12.8 | ||||
Net cash provided by operating activities | $ | 132.8 | $ | 90.4 | ||
Cash flows from investing activities: | ||||||
Capital expenditures | $ | (164.1) | $ | (188.3) | ||
Other investing activities | 0.2 | 0.2 | ||||
Net cash used in investing activities | $ | (163.9) | $ | (188.1) | ||
Cash flows from financing activities: | ||||||
Proceeds from issuance of long-term debt | $ | 44.0 | $ | 160.0 | ||
Payments on long-term debt and finance lease obligations | (14.9) | (24.5) | ||||
Reimbursement of finance lease payments | 1.7 | — | ||||
Purchase of shares | (1.5) | (46.2) | ||||
Net cash provided by financing activities | $ | 29.3 | $ | 89.3 | ||
Decrease in cash and cash equivalents | (1.8) | (8.4) | ||||
Cash and cash equivalents, beginning of period | 23.4 | 31.0 | ||||
Cash and cash equivalents, end of period | $ | 21.6 | $ | 22.6 | ||
Supplemental disclosures of cash flow information: | ||||||
Cash paid during the periods for interest, net | $ | 61.0 | $ | 48.5 | ||
Cash received during the periods for interest rate swap | $ | 2.9 | $ | — | ||
Cash paid during the periods for income taxes | $ | 0.9 | $ | 10.9 | ||
Cash received during the periods for refunds of income taxes | $ | 0.3 | $ | 4.9 | ||
Non-cash operating activities: | ||||||
Operating lease additions | $ | 3.2 | $ | 8.0 | ||
Non-cash investing and financing activities: | ||||||
Finance lease additions | $ | 8.1 | $ | 9.6 | ||
Excise tax payable | $ | 0.2 | $ | — | ||
Capital expenditures within accounts payable and accruals | $ | 25.7 | $ | 36.2 |
About WOW! Internet, TV & Phone
WOW! is one of the nation's leading broadband providers, with an efficient and high-performing network that passes nearly 2 million residential, business and wholesale consumers. WOW! provides services in 19 markets, primarily in the Midwest and Southeast, including
Cautionary Statement Regarding Forward-Looking Statements
Certain statements in this press release, including statements related to any future events or potential transactions, that are not historical facts contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements represent our goals, beliefs, plans and expectations about our prospects for the future and other future events. Forward-looking statements include all statements that are not historical fact and can be identified by terms such as "may," "intend," "might," "will," "should," "could," "would," "anticipate," "expect," "believe," "estimate," "plan," "project," "predict," "potential," or the negative of these terms. Although these forward-looking statements reflect our good-faith belief and reasonable judgment based on current information, these statements are qualified by important factors, many of which are beyond our control that could cause our actual results to differ materially from those in the forward-looking statements. These factors and other risks that could cause our actual results to differ materially include all matters relating to the acquisition proposal (including any response by the Company to such proposal, any further actions that may be taken by
Non-GAAP Financial Measures
The Company has included certain non-GAAP financial measures in this release, including Adjusted EBITDA and Adjusted EBITDA margin. These terms, as defined herein, are not intended to be considered in isolation, as a substitute for, or superior to, the financial information prepared and presented in accordance with generally accepted accounting principles in
We believe that these non-GAAP measures enhance an investor's understanding of our financial performance. We believe that these non-GAAP measures are useful financial metrics to assess our operating performance from period to period by excluding certain items that we believe are not representative of our core business. We believe that these non-GAAP measures provide investors with useful information for assessing the comparability between periods of our ability to generate cash from operations sufficient to pay taxes, to service debt and to undertake Capital Expenditures. We use these non-GAAP measures for business planning purposes and in measuring our performance relative to that of our competitors. We believe these non-GAAP measures are measures commonly used by investors to evaluate our performance and that of our competitors.
Adjusted EBITDA eliminates the impact of expenses that do not relate to overall business performance and is defined by WOW! as net income (loss) before interest expense, income taxes, depreciation and amortization (including impairments), impairment losses on intangibles and goodwill, write-off of any asset, loss on early extinguishment of debt, integration and restructuring expenses and all non‑cash charges and expenses (including stock compensation expense) and certain other income and expenses. Adjusted EBITDA should not be considered as an alternative to net income (loss), operating income or any other performance measures derived in accordance with GAAP as measures of operating performance, operating cash flows or liquidity.
Refer to "Reconciliations of GAAP Measures to Non-GAAP Measures" and the accompanying tables below for a reconciliation of Adjusted EBITDA to Net Income and Adjusted EBITDA margin to Net Profit margin which are the most directly comparable corresponding GAAP financial measures.
Subscriber Information
The Company uses the terms defined below throughout this release.
Homes passed are reported as the number of serviceable addresses, such as single residence homes, apartments and condominium units, and businesses passed by our broadband network and listed in our database.
We deliver multiple services to our customers, as such we report Total Subscribers as the number of Subscribers who receive at least one of our HSD, Video or Telephony services, without regard to which or how many services they subscribe. We define each of the individual HSD Subscribers, Video Subscribers and Telephony Subscribers as a Revenue Generating Unit ("RGU").
While we take appropriate steps to ensure subscriber information is presented on a consistent and accurate basis at any given balance sheet date, we periodically review our policies in light of the variability we may encounter across our different markets due to the nature and pricing of products and services and billing systems. Accordingly, we may from time to time make appropriate adjustments to our subscriber information based on such reviews.
WIDEOPENWEST, INC. AND SUBSIDIARIES | ||||||||||||
The following table provides a reconciliation of Adjusted EBITDA and Adjusted EBITDA Margin to Net (Loss) Income and Net Profit Margin for the periods presented: | ||||||||||||
Three months ended | Nine months ended | |||||||||||
September 30, | September 30, | |||||||||||
2024 | 2023 | 2024 | 2023 | |||||||||
(in millions) | ||||||||||||
Net loss | $ | (22.4) | $ | (104.5) | $ | (48.2) | $ | (244.2) | ||||
Net Profit Margin | (14.2) % | (60.4) % | (10.1) % | (47.2) % | ||||||||
Plus: Depreciation and amortization | 55.2 | 49.4 | 160.3 | 141.6 | ||||||||
Impairment losses on intangibles | — | 131.7 | — | 259.8 | ||||||||
Interest expense | 31.6 | 18.9 | 70.4 | 51.1 | ||||||||
Non-recurring professional fees, M&A integration and restructuring expense | 17.4 | 7.4 | 34.9 | 22.9 | ||||||||
Patent litigation settlement | — | — | — | 45.4 | ||||||||
Non-cash stock compensation | 2.4 | 3.5 | 8.3 | 13.9 | ||||||||
Other income, net | (0.4) | 0.1 | (0.9) | (1.9) | ||||||||
Income tax benefit | (6.5) | (35.6) | (10.1) | (84.4) | ||||||||
Adjusted EBITDA | $ | 77.3 | $ | 70.9 | $ | 214.7 | $ | 204.2 | ||||
Adjusted EBITDA Margin | 48.9 % | 41.0 % | 44.9 % | 39.4 % |
WIDEOPENWEST, INC. AND SUBSIDIARIES Capital Expenditures and Subscriber Information (unaudited) | ||||||||||||
The following table provides additional information regarding our Capital Expenditures for the periods presented: | ||||||||||||
Three months ended | Nine months ended | |||||||||||
September 30, | September 30, | |||||||||||
2024 | 2023 | 2024 | 2023 | |||||||||
(in millions) | ||||||||||||
Scalable infrastructure | $ | 7.8 | $ | 15.1 | $ | 58.2 | $ | 44.7 | ||||
Customer premise equipment | 20.0 | 16.3 | 54.4 | 48.3 | ||||||||
Line extensions | 5.6 | 18.4 | 24.9 | 57.1 | ||||||||
Support capital and other | 7.1 | 14.7 | 26.6 | 38.2 | ||||||||
Total | $ | 40.5 | $ | 64.5 | $ | 164.1 | $ | 188.3 | ||||
Capital expenditures included in total related to: | ||||||||||||
Greenfields | $ | 6.5 | $ | 28.0 | $ | 59.8 | $ | 71.2 | ||||
Edge-outs | $ | 0.5 | $ | 2.1 | $ | 4.9 | $ | 10.0 | ||||
Business services | $ | 3.6 | $ | 2.8 | $ | 10.5 | $ | 10.4 |
The following table provides an unaudited summary of our subscriber information: | ||||||||||
Sep. 30, | Dec. 31, | Mar. 31, | Jun. 30, | Sep. 30, | ||||||
2023 | 2023 | 2024 | 2024 | 2024 | ||||||
Homes Passed | 1,905,600 | 1,932,200 | 1,948,500 | 1,956,700 | 1,952,200 | |||||
Total Subscribers | 517,400 | 504,100 | 500,700 | 495,200 | 490,500 | |||||
HSD RGUs | 503,400 | 490,100 | 489,700 | 485,000 | 480,600 | |||||
Video RGUs | 100,800 | 90,800 | 79,300 | 71,600 | 66,300 | |||||
Telephony RGUs | 82,700 | 79,500 | 77,700 | 75,700 | 73,700 | |||||
Total RGUs | 686,900 | 660,400 | 646,700 | 632,300 | 620,600 |
Additional Information Available on Website:
The information in this press release should be read in conjunction with the financial statements and footnotes contained in the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2024, which will be posted on of our investor relations website at ir.wowway.com, when it is filed with the Securities and Exchange Commission. A slide presentation to accompany the conference call and a trending schedule containing historical customer and financial data will also be available on our website.
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SOURCE WideOpenWest, Inc.
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