WideOpenWest Q3 revenue beats estimates

WideOpenWest

05/11/2025 12:08

Overview

WOW! Q3 revenue beats analyst expectations despite an 8.9% yr/yr decline

Adjusted EBITDA for Q3 misses analyst estimates, declining 11% yr/yr

Company to be taken private by DigitalBridge and Crestview in $1.5 bln deal

Outlook

Company continues to focus on expanding Greenfield markets with strong penetration rates

Company to be acquired by DigitalBridge Group Inc and Crestview Partners in $1.5 bln deal

Company emphasizes balancing growth initiatives with operating efficiencies

Result Drivers

GREENFIELD EXPANSION - Co passed 15,500 new homes and added 2,500 subscribers in Greenfield markets, maintaining a 16% penetration rate

ARPU INCREASE - Co's ARPU rose by $4.9 mln due to rate increases in Q1 and Q2 2025

COST REDUCTION - Operating expenses decreased by $8.7 mln, driven by lower programming expenses

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$144 mln
$142.93 mln (3 Analysts)
Q3 Net Income
-$35.70 mln
Q3 Adjusted EBITDA
Miss
$68.80 mln
$70.54 mln (3 Analysts)
Q3 Adjusted EBITDA Margin
47.80%
Q3 Adjusted Operating Expenses
$53.90 mln
Q3 Service Revenue
$133 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the broadcasting peer group is "hold"

Wall Street's median 12-month price target for WideOpenWest Inc is $5.20, about 1.2% above its November 4 closing price of $5.14

Press Release: ID:nPn6bzjQPa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)