Overview
WideOpenWest Q2 revenue falls 9.2% yr/yr but beats analyst expectations
Adjusted EBITDA rises 0.4% to $70.3 mln, beating analyst estimates
Company reports net loss of $17.8 mln for Q2 2025
DigitalBridge and Crestview to acquire WOW! in an all-cash transaction
Outlook
Company continues fiber-to-home expansion in Greenfield markets
Result Drivers
GREENFIELD EXPANSION - Co passed 15,500 new homes and added 2,300 subscribers in Greenfield markets, achieving a 16% penetration rate
SERVICE MIX SHIFT - Revenue decline driven by $11.8 mln shift in service offering mix and $7.8 mln decrease in service volume
VIDEO EXPENSE REDUCTION - Lower video-related expenses enabled investment in Greenfield growth strategy
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$144.20 mln
$143.60 mln (4 Analysts)
Q2 Net Income
-$17.80 mln
Q2 Adjusted EBITDA
Beat
$70.30 mln
$67.70 mln (4 Analysts)
Q2 Adjusted EBITDA Margin
48.8%
Q2 Adjusted Operating Expenses
$55.20 mln
Q2 Service Revenue
$132.90 mln
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the broadcasting peer group is "buy."
Wall Street's median 12-month price target for WideOpenWest Inc is $5.65, about 40.2% above its August 11 closing price of $3.38
Press Release: ID:nPn8tmb8xa
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)