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WideOpenWest (WOW) Reports Q1 Loss, Tops Revenue Estimates
ZACKS· 2025-05-06 22:10
WideOpenWest (WOW) came out with a quarterly loss of $0.17 per share versus the Zacks Consensus Estimate of a loss of $0.19. This compares to loss of $0.18 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10.53%. A quarter ago, it was expected that this cable TV company would post a loss of $0.13 per share when it actually produced a loss of $0.13, delivering no surprise.Over the last four quarters, the company has surpassed co ...
WOW(WOW) - 2025 Q1 - Earnings Call Presentation
2025-05-06 20:39
First Quarter 2025 May 6, 2025 Important Information Caution Concerning Forward Looking Statements Certain statements in this presentation 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- lookin ...
WOW(WOW) - 2025 Q1 - Earnings Call Transcript
2025-05-06 20:30
WideOpenWest (WOW) Q1 2025 Earnings Call May 06, 2025 04:30 PM ET Speaker0 Thank you for standing by. My name is Rebecca, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Wide Open West Q1 twenty twenty five Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. Thank you. I will now turn the call over to Andrew Poisson, Vice President of Investor Relations. ...
WOW(WOW) - 2025 Q1 - Quarterly Report
2025-05-06 20:05
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38101 WideOpenWest, Inc. (Exact name of registrant as specified in its charter) Delaware (State or Other Jurisdiction of In ...
WOW(WOW) - 2025 Q1 - Quarterly Results
2025-05-06 20:00
Exhibit 99.1 WOW! REPORTS FIRST QUARTER 2025 RESULTS Greenfield markets now pass 75.6 thousand homes with a penetration rate at 16.3% ENGLEWOOD, Colo. (May 6, 2025) – 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 first quarter ended March 31, 2025. First Quarter 2025 Highli ...
WOW!'s Chief Executive Officer Named to "Cablefax 100" List For Seventh Consecutive Year as Company Continues Trajectory of Growth and Innovation
Prnewswire· 2025-04-16 15:00
Core Insights - WOW! Internet, TV & Phone has recognized CEO Teresa Elder as an honoree in the annual "Cablefax 100" list for the seventh consecutive year, highlighting her influential leadership in the broadband industry [1][2]. Company Performance - Under Elder's leadership, WOW! has expanded its all-fiber footprint and introduced innovative broadband solutions, achieving operational excellence and strategic growth [2]. - The company secured a $200 million Senior Term Loan to support ongoing fiber buildouts, indicating strong financial backing for expansion efforts [2]. - WOW! has successfully passed an additional 100,000 homes through its Greenfield and Edge-out market expansion, moving towards a goal of passing 400,000 homes in new communities in the coming years [3]. Industry Position - WOW! serves nearly 2 million residential, business, and wholesale consumers across 19 markets, primarily in the Midwest and Southeast [5]. - The company is recognized for its commitment to providing high-quality services at affordable prices, alongside exceptional human resources practices, having won awards for being a Best & Brightest Company to Work For [5].
WOW!'s Senior Director of Talent Management and Senior Director of Total Rewards Join C2HR Advisory Board
Prnewswire· 2025-04-09 13:00
"Becoming a member of the C2HR Advisory Board is a career milestone," said Clay. "I'm excited to bring a fresh perspective that can help shape how organizations operate and support their employees. This new role presents an incredible opportunity to grow both personally and professionally while also continuing to learn and lead in new ways." C2HR represents a dynamic community of connected, influential, and engaged industry executives who are passionate about driving change. Established in 2023, the Advisor ...
WOW! Reaches 100,000 Homes Passed Market Expansion Milestone; On Track to Reaching Goal of Adding 400,000 Additional Homes to its Footprint
Prnewswire· 2025-03-25 13:00
Core Insights - WOW! Internet, TV & Phone has expanded its fiber network, reaching over 100,000 additional homes, including more than 80,000 fiber-to-the-home passings, as part of its ongoing market expansion strategy [1][2][3] Group 1: Expansion Strategy - The company has significantly increased its presence in Greenfield markets and Edge-outs, activating customers in multiple counties across Michigan, Alabama, South Carolina, and Florida [2][3] - WOW! aims to pass 400,000 homes in new communities in the coming years, demonstrating strong momentum in its expansion efforts [1][3] Group 2: Customer Offerings - Residents and businesses in the newly served areas can access WOW!'s fiber network with simplified pricing, which includes fast Internet speeds, necessary Wi-Fi equipment, no annual contracts, and no data caps [3] - The company offers a Price Lock Promise, allowing customers to secure their Internet price for a low monthly fee [3] Group 3: Service Portfolio - WOW! provides a broad suite of services, including WOW! mobile powered by Reach, business internet solutions, and bundling options with YouTube TV [4] - The company serves nearly 2 million consumers across 19 markets, primarily in the Midwest and Southeast, with a focus on high-speed Internet, cable TV, home phone, and cloud services [5]
WOW(WOW) - 2024 Q4 - Annual Report
2025-03-14 20:30
Broadband Network and Services - As of December 31, 2024, the broadband networks passed nearly 2.0 million homes and businesses, serving 478,700 customers, resulting in a customer penetration rate of approximately 24%[11] - The advanced network offers high-speed data (HSD) speeds up to 1.2 GIG (1200 Mbps) in approximately 99% of the footprint and up to 5 GIG (5000 Mbps) in greenfield expansion markets[13] - Approximately 81% of the customer base subscribed only to HSD services, with expectations for this percentage to rise as broadband utilization increases[22] - The company operates in 18 markets, with a total of 31,256 network miles, including 22,566 coaxial miles and 8,690 fiber miles[16] - Approximately 93% of new customers purchase HSD-only offerings, indicating strong demand for high-speed data services[20] - The company offers a full suite of business services, including fiber-based telephony services with data speeds of up to 10 GIG on the fiber network[27] - The subscription-based pricing strategy is centered around HSD offerings, allowing customers to lock in their internet service rates[29] - The company continues to invest in network enhancements to meet increasing capacity demands and improve customer experience[14] - The company operates under a broadband first strategy, offering HSD speeds up to 1.2 GIG (1200 Mbps) in approximately 99% of its footprint and up to 5 GIG (5000 Mbps) in greenfield expansion markets[201] Employee and Training - The company provided approximately 22,100 total training hours to its employees for the year ending December 31, 2024[58] - The company absorbs an average of 76% of the total premium cost for medical, dental, and vision coverage for all full-time employees[52] - The company has 1,320 full-time employees as of December 31, 2024[49] Competition and Market Dynamics - The company expects competition for telephony service subscribers to intensify due to rapidly evolving technology and various communications options[48] - The company faces increasing competition from over-the-top (OTT) services, which are expected to accelerate the movement away from traditional video subscription services[46] - The company is well positioned to benefit from the increasing demand for robust Internet connections as customers shift towards OTT content[46] - The company faces significant competition from larger telecommunications and cable companies, which may negatively affect its financial results and growth rates[102] - The demand for broadband communications services may be lower than expected, adversely impacting revenue generation[109] Regulatory Environment - The FCC's contribution factor for the fourth quarter of 2024 is set at 35.8% of gross assessable interstate and international telecommunications and interconnected VoIP revenues[90] - The Affordable Connectivity Program (ACP) was launched with a budget of $14 billion, which was exhausted in 2024, leading to the program's termination on June 1, 2024[92] - The FCC adopted rules in November 2023 to address broadband "digital discrimination of access," which went into effect on March 22, 2024[74] - The Infrastructure Investment and Jobs Act (IIJA) requires broadband service providers to display pricing and service information at the point of sale, effective April 2024[73] - The FCC's rules on net neutrality were reversed in April 2024, reclassifying broadband as a telecommunications service, but this decision is currently stayed by a federal appeals court[72] - The FCC has proposed rules to prohibit cable operators from imposing early termination fees and billing cycle fees, which could impact profitability[77] - The contribution to the Federal Universal Service Fund (USF) is not materially adverse to the company, as costs are recovered from end users[91] - The FCC has implemented regulations for VoIP services, including privacy obligations and E911 requirements, but the classification of VoIP remains unsettled[85] - The company is subject to various federal, state, and local regulations affecting its telecommunications services, which may change in the future[78] - The company has entered into local interconnection agreements with various telecommunications providers, which are subject to changes in laws and regulations[81] - The company is subject to numerous local, state, and federal taxes and regulatory fees, which could have a material adverse effect on its business if collection procedures are insufficient[97] Financial Performance and Strategy - The company experienced net losses in the past three years, primarily due to interest expenses, depreciation, and impairment charges[169] - The company has not declared or paid any dividends on its common stock and intends to retain all available funds for business operations[190] - The company purchased a total of 3,818 shares in the fourth quarter of 2024, with average prices ranging from $4.96 to $5.31 per share[196] - The company’s core strategy focuses on providing outstanding service at affordable prices, emphasizing customer experience[200] - The company has substantial indebtedness, which may limit its ability to pursue strategic alternatives and react to changes in the business environment[150] - The company is subject to complex tax laws and potential changes that could adversely affect its effective tax rate and financial condition[145] - The company may face challenges in accessing capital markets on acceptable terms, impacting its financing capabilities[158] Cybersecurity and Operational Risks - The company maintains insurance related to cybersecurity risks, but acknowledges that it may not be sufficient to cover all potential losses[165] - The company has an enterprise-wide information security program designed to manage cybersecurity risks and threats[176] - The company has not experienced a material cybersecurity incident to date, despite facing directed attacks[182] - The company is exposed to risks from cyber-attacks and disruptions in network systems, which could lead to significant operational impacts and customer dissatisfaction[162] Environmental and Natural Disaster Risks - The company is subject to environmental regulations that could impose liabilities or require costly compliance measures[98] - The company may incur significant costs related to environmental regulations and potential liabilities for contamination[129] - The company operates in regions vulnerable to natural disasters, which could disrupt services and harm business operations[161] Franchise and Programming Costs - The company operates under franchises that typically have fixed terms of 10 to 15 years, with many expiring in the coming years[122] - Local franchising authorities may impose regulatory constraints that could materially increase the company's operating expenses[123] - Changes in federal "must carry" rules could force the company to carry additional local broadcast signals, potentially increasing costs and impacting competitiveness[124] - Programming costs have been increasing rapidly, and the company may struggle to negotiate lower costs due to its relatively modest subscriber base[114] Market Expansion and Challenges - The company launched services in multiple new communities, including locations in Florida, Michigan, Alabama, and South Carolina, as part of its market expansion strategy[203] - The company’s greenfield market expansion strategy may encounter significant obstacles, including unanticipated expenses and competition, which could materially impact operations and financial results[111] - The company’s ability to compete effectively may be hindered by rapid technological changes and the need to invest in new technologies[107] - The company relies on interconnection arrangements mandated by the Communications Act, which could be negatively impacted by future regulatory changes[125] Shareholder Dynamics - As of December 31, 2024, approximately 37% of the company's outstanding common shares were held by Crestview Partners, LLC, which submitted an unsolicited acquisition proposal on May 2, 2024[210] - The company’s common stock is significantly held by Crestview, which may have interests that differ from other shareholders, potentially affecting corporate decisions[153]
WOW(WOW) - 2024 Q4 - Earnings Call Transcript
2025-03-14 19:35
WideOpenWest, Inc. (NYSE:WOW) Q4 2024 Earnings Conference Call March 14, 2025 8:00 AM ET Company Participants Andrew Posen - Vice President and Head, Investor Relations Teresa Elder - Chief Executive Officer John Rego - Chief Financial Officer Conference Call Participants Frank Louthan - Raymond James Chris Schoell - UBS Brandon Nispel - KeyBanc Matthew Harrigan - Benchmark Operator Thank you for standing by, and welcome to the WideOpenWest Fourth Quarter 2024 Earnings Conference Call. [Operator Instruction ...