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  • Nov 4, 2024

      Show headlines and story abstract
    • 4:02PM ET on Monday Nov 04, 2024 by MT Newswires
      Companies Mentioned: WOW
      04:02 PM EST, 11/04/2024 (MT Newswires) -- ...
    • 4:02PM ET on Monday Nov 04, 2024 by MT Newswires
      Companies Mentioned: WOW
      04:02 PM EST, 11/04/2024 (MT Newswires) -- ...
    • 4:02PM ET on Monday Nov 04, 2024 by MT Newswires
      Companies Mentioned: WOW
      04:02 PM EST, 11/04/2024 (MT Newswires) -- ...
    • 4:00PM ET on Monday Nov 04, 2024 by PR Newswire
      Companies Mentioned: WOW

      Continued to Grow Penetration Rates in Expansion Markets

      WideOpenWest, Inc. ("WOW!" or the "Company") (NYSE: WOW), one of the nation's leading broadband providers, with an efficient, high-performing network that passes nearly 2.0 million residential, business and wholesale consumers, today announced financial and operating results for the third quarter ended September 30, 2024.

    • 4:00PM ET on Monday Nov 04, 2024 by Dow Jones
      Companies Mentioned: WOW
      --------- --------- --------- --------- (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 ========= ========= ========= ========= ===========

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