Financial Data and Key Metrics Changes - In Q4 2024, high-speed data (HSD) revenue decreased by 3.5% year-over-year to $104.9 million, impacted by $1.9 million in revenue credits due to Hurricane Halide and Milton [9][17] - Adjusted EBITDA for Q4 2024 increased by 3.5% year-over-year to $73.7 million, with an adjusted EBITDA margin of 48.3% [9][18] - For the full year, high-speed data revenue decreased by 1.6% to $423.6 million, including $2.5 million in hurricane credits [10] - Total revenue for Q4 2024 decreased by 9.6% to $152.6 million, with video and telephony revenues dropping by 26.9% and 16.9%, respectively [17] Business Line Data and Key Metrics Changes - The company doubled its all-fiber footprint in 2024, passing an additional 31,500 homes, with penetration rates increasing from just under 10% at the end of 2023 to 16.6% at the end of 2024 in greenfield markets [8][11] - HSD subscribers decreased by 10,200 during the quarter, with approximately 5,400 losses attributed to hurricanes [13] - Traditional video business subscribers dropped to 60,600, a 33% decrease from the same period last year [15] Market Data and Key Metrics Changes - The company reported a high ARPU of $73.50, which increased by around 1% year-over-year despite a sequential decrease due to hurricane impacts [14] - The greenfield markets showed strong performance, with low churn rates and positive trends in ARPU driven by customer upgrades to high-value services [8][36] Company Strategy and Development Direction - The company is focused on expanding its greenfield fiber market, with plans to pass 400,000 new homes over the next few years [20] - A new super priority term loan of $200 million was secured to support this expansion strategy [20] - The transition to YouTube TV is expected to continue, with significant growth in subscribers [16][38] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the trajectory for 2025, highlighting improvements in customer acquisition and retention strategies [35][49] - The company anticipates continued competition in the market but believes its pricing strategies and service offerings will help maintain customer satisfaction and reduce churn [37][40] Other Important Information - Total capital spend for Q4 2024 was $51.7 million, down from the previous year but up from the last quarter, primarily due to hurricane remediation efforts [21] - The company expects to spend between $60 million to $70 million on greenfield expansion CapEx in 2025 [22] Q&A Session Summary Question: Confirmation on acquisition proposal engagement - Management stated they have no updates regarding the unsolicited acquisition proposal from DigitalBridge and Crestview Partners [27] Question: Liquidity from new financing and CapEx goals - The company confirmed that the $200 million financing provides significant liquidity, with an additional $175 million available in 2025, which will support their expansion goals [30] Question: Anticipated broadband subscriber losses and competition - Management acknowledged competition but noted improvements in customer retention and ARPU, particularly in greenfield markets [36][37] Question: Performance of mobile product and convergence strategy - The company has a mobile product but does not prioritize it as aggressively as peers, focusing instead on reliable high-speed internet offerings [39] Question: Clarification on adjusted EBITDA and nonrecurring fees - Management explained that nonrecurring professional fees are part of their ongoing business strategy and are expected to decrease after 2025 [44][46] Question: Outlook for HSD net adds - Management is optimistic about regaining customers affected by hurricanes and expects improvements in HSD net adds for the full year [50][52]

WideOpenWest (WOW) came out with a quarterly loss of $0.13 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.08 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this cable TV company would post a loss of $0.15 per share when it actually produced a loss of $0.27, delivering a surprise of -80%.Over the last four quarters, the company has surpassed consensus EPS estimates just once.WideOpenWest, which belongs to the Zack ...

Revenue Performance - Total Revenue for Q4 2024 was $152.6 million, a decrease of $16.2 million, or 9.6%, compared to Q4 2023[4] - Total Subscription Revenue for the year ended December 31, 2024 was $581.8 million, down $53.8 million, or 8.5%, compared to 2023[5] - Total revenue for the year ended December 31, 2024, was $630.9 million, a decrease of 8.1% from $686.7 million in 2023[25] - Subscription services revenue decreased to $581.8 million in 2024, down 8.5% from $635.6 million in 2023[25] - HSD Revenue for Q4 2024 totaled $104.9 million, a decrease of $3.8 million, or 3.5%, compared to Q4 2023[5] - First quarter 2025 guidance for Total Revenue is projected to be between $147.0 million and $149.0 million[20] Profitability and Loss - Net Loss for the year ended December 31, 2024 was $58.8 million, compared to a net loss of $287.7 million in 2023[11] - For the three months ended December 31, 2024, the company reported a net loss of $10.6 million, compared to a net loss of $43.5 million for the same period in 2023, resulting in a net profit margin of (6.9)% versus (25.8)%[36] - The company reported a basic loss per common share of $0.72 for the year ended December 31, 2024, compared to a loss of $3.53 in 2023[25] Cash Flow and Liquidity - Cash and cash equivalents increased to $38.8 million as of December 31, 2024, up from $23.4 million in 2023[26] - Operating cash flow for the year ended December 31, 2024, was $163.7 million, an increase from $135.1 million in 2023[26] Subscriber Metrics - Total Subscribers as of December 31, 2024 were 478,700, a decrease of 25,400 compared to December 31, 2023[13] - High-Speed Data (HSD) Revenue Generating Units (RGUs) decreased to 470,400 as of December 31, 2024, compared to 490,100 at the end of 2023[39] - Video RGUs declined to 60,600 as of December 31, 2024, down from 90,800 at the end of 2023[39] - As of December 31, 2024, the company passed 1,962,100 homes, an increase from 1,932,200 homes at the end of 2023[39] Capital Expenditures and Debt - Capital Expenditures for the year ended December 31, 2024 totaled $215.8 million, a decrease of $53.1 million, or 19.7%, compared to 2023[16] - Long-term debt and finance lease obligations increased to $997.4 million in 2024, up from $915.7 million in 2023[25] - The company had total capital expenditures of $215.8 million for the year ended December 31, 2024, down from $268.9 million in 2023[39] Adjusted EBITDA - Adjusted EBITDA for Q4 2024 was $73.7 million, an increase of $2.5 million, or 3.5%, compared to Q4 2023[12] - Adjusted EBITDA for the year ended December 31, 2024, was $288.4 million, an increase from $275.4 million in 2023, with an adjusted EBITDA margin of 45.7% compared to 40.1%[36] Other Financial Information - The company incurred $25.3 million in non-recurring professional fees, M&A integration, and restructuring expenses for the three months ended December 31, 2024[36] - The company reported impairment losses on intangibles of $47.0 million for the three months ended December 31, 2023[36] Market Presence - The company operates in 18 markets, primarily in the Midwest and Southeast, serving nearly 2.0 million consumers[27] - The company passed approximately 31,500 new homes in Greenfield markets, increasing penetration rates to 16.6%[3] Strategic Initiatives - The company plans to continue reviewing subscriber information policies to ensure accuracy across different markets[35]

Core Insights - WideOpenWest, Inc. ("WOW!") reported a penetration rate increase to 16.6% in Greenfield markets, passing an additional 31,500 homes in 2024 [3][15] - The company experienced a year-over-year growth in Adjusted EBITDA of 4.7%, reflecting strong cost management and operational efficiencies [3][11] - Total revenue for the year ended December 31, 2024, was $630.9 million, a decrease of 8.1% compared to 2023 [4][11] Financial Performance - Total Revenue for Q4 2024 was $152.6 million, down $16.2 million or 9.6% from Q4 2023 [11][25] - Subscription Revenue for Q4 2024 was $140.3 million, a decrease of 9.8% year-over-year [5][11] - Adjusted EBITDA for Q4 2024 was $73.7 million, an increase of 3.5% compared to Q4 2023 [11][13] Subscriber Metrics - Total Subscribers as of December 31, 2024, were 478,700, a decrease of 25,400 from the previous year [14] - High-Speed Data (HSD) RGUs totaled 470,400, down 19,700 compared to December 31, 2023 [14] Market Expansion - The company passed approximately 61,900 homes in Greenfield initiatives, achieving a penetration rate of 16.6% [15] - Edge-out projects passed 8,300 new homes with a penetration rate of 39.8% as of December 31, 2024 [16] Capital Expenditures - Capital Expenditures for the year ended December 31, 2024, totaled $215.8 million, a decrease of 19.7% compared to 2023 [17] - Core Capital Expenditures represented 20.8% of Total Revenue for the year [17] Liquidity and Debt - As of December 31, 2024, total outstanding long-term debt was $1,017.4 million, with cash and cash equivalents of $38.8 million [19] - The company entered into a new Priority Credit Agreement during Q4 2024, refinancing prior debt and including $200 million in new borrowings [18] Acquisition Proposal - On May 2, 2024, WOW! received an unsolicited acquisition proposal from DigitalBridge Investments, LLC, which is currently under evaluation by a special committee [20]

Group 1 - WOW! Internet, TV & Phone will host a webcast and conference call on March 14, 2025, at 8:00 a.m. ET to discuss its financial and operating results for Q4 2024 [1] - A news release reporting the results will be issued prior to the call [1] - The conference call will be available for live broadcast on the company's investor relations website [2] Group 2 - WOW! is a leading broadband provider in the U.S., serving nearly 2 million residential, business, and wholesale consumers across 19 markets [3] - The company offers a range of services including high-speed Internet, cable TV, home phone, mobile phone, business data, voice, and cloud services [3] - WOW! has been recognized 11 times as a Best & Brightest Company to Work For in the Nation, winning the award for the last seven consecutive years [3]

Company Overview - WOW! Internet, TV & Phone is a leading broadband services provider, now offering all-fiber services in Brighton, Michigan, as part of its Greenfield expansion initiative [2][6] - The company aims to add 80,000 homes to its service area in Michigan in the near future [2] - WOW! serves nearly 2 million residential, business, and wholesale consumers across 19 markets, primarily in the Midwest and Southeast [5] Service Offerings - WOW! provides a broad suite of services, including high-speed internet, cable TV, home phone, mobile phone, business data, voice, and cloud services [5] - The company offers straightforward pricing with no annual contracts and no data caps, making it easier for customers to understand their options [1][5] - WOW! mobile powered by Reach and residential bundling options with YouTube TV are also part of the service portfolio [3] Market Presence - The launch in Brighton is part of a broader strategy to enhance service availability in Central Michigan, with ongoing construction in additional communities [6] - WOW! has been recognized for its exceptional human resources practices, winning the Best & Brightest Company to Work For award for seven consecutive years [5]

Core Insights - WOW! has been recognized as a Best Company To Work For In Florida, highlighting its strong workplace culture and employee satisfaction [1] - The company is expanding its all-fiber services in Hernando County, Florida, with plans to add 44,000 homes in the coming weeks and months [5] Company Overview - WOW! is a leading broadband provider in the U.S., serving nearly 2 million residential, business, and wholesale consumers across 19 markets, primarily in the Midwest and Southeast [3] - The company offers a diverse range of services, including high-speed Internet, cable TV, home and mobile phone services, business data, voice, and cloud services [3] Service Expansion - WOW! has launched its all-fiber services in Hernando Beach, Florida, following a recent rollout in Spring Hill, enhancing its service availability in the region [4] - The new services feature simplified pricing, no annual contracts, and no data caps, making it easier for customers to access reliable broadband [5] Community Engagement - The CEO of WOW! emphasized the company's commitment to strengthening local connections and providing best-in-class customer service to residents and businesses in Hernando Beach [6]

Core Insights - WOW! Internet, TV & Phone has been recognized as a 2024 Top 50 DEI Team by the OnCon Icon Awards, highlighting its commitment to diversity, equity, and inclusion [1][4] Group 1: Recognition and Awards - The OnCon Icon Awards are determined through a combination of organizational observation and public voting, recognizing teams that demonstrate success and positive impact [2] - WOW!'s Inclusion and Belonging team was acknowledged for its contributions to fostering a workplace culture that values respect, integrity, and accountability [3][4] Group 2: Company Culture and Values - The Inclusion and Belonging team at WOW! is dedicated to creating a workplace where all employees are valued and empowered, promoting policies that inspire collaboration [3] - The team has implemented training for talent acquisition personnel to engage a diverse candidate pool, aligning with WOW!'s diverse customer base [3] Group 3: Company Overview - WOW! is a leading broadband provider serving nearly 2 million customers across 19 markets, primarily in the Midwest and Southeast [5] - The company offers a wide range of services, including high-speed internet, cable TV, and cloud services, and has been recognized multiple times for its exceptional human resources practices [5]

WideOpenWest, Inc. (NYSE:WOW) Q3 2024 Results Conference Call November 4, 2024 4:30 PM ET Company Participants Andrew Posen - Vice President and Head, Investor Relations Teresa Elder - Chief Executive Officer John Rego - Chief Financial Officer Conference Call Participants Batya Levi - UBS Brandon Nispel - KeyBanc Capital Markets Operator Hello and welcome to the WideOpenWest Third Quarter 2024 Earnings Call. [Operator Instructions]. I would now like to turn the conference over to Andrew Posen, Vice Presid ...

Group 1: Earnings Performance - WideOpenWest reported a quarterly loss of $0.27 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.15, marking an earnings surprise of -80% [1] - The company posted revenues of $158 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.45%, but down from $173.1 million year-over-year [2] - Over the last four quarters, WideOpenWest has only surpassed consensus EPS estimates once [2] Group 2: Stock Performance and Outlook - WideOpenWest shares have increased approximately 27.7% since the beginning of the year, outperforming the S&P 500's gain of 20.1% [3] - The company's earnings outlook is mixed, with the current consensus EPS estimate for the coming quarter at -$0.14 on revenues of $156.1 million, and -$0.61 on revenues of $633.7 million for the current fiscal year [7] - The Zacks Rank for WideOpenWest is currently 3 (Hold), indicating expected performance in line with the market in the near future [6] Group 3: Industry Context - The Cable Television industry, to which WideOpenWest belongs, is currently ranked in the top 27% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor sentiment [5]