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
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(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.)
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