WOW Earnings Prediction
The chart below shows how WOW performed 10 days before and after its earnings report, based on data from the past quarters. Typically, WOW sees a +2.41% change in stock price 10 days leading up to the earnings, and a -4.89% change 10 days following the report. On the earnings day itself, the stock moves by -5.64%. This data can give you a slight idea of what to expect for the next quarter's release.
WOW Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
158.00M
-8.72%
-0.50%
Gross Margin
--
--
--
Operating Margin
1.46%
-76.14%
-37.34%
Net Margin
-14.18%
-76.51%
108.53%
EPS
-0.27
-79.07%
107.69%
No Data Available
WOW Earnings Analysis
WideOpenWest, Inc. Common Stock Corporation (WOW.N) Earnings Conference Call
Positive
High Speed Data Revenue Growth: In the third quarter, high speed data revenue of $107.5 million increased 2.4% from the second quarter, reflecting the impact of a small rate increase, which drove ARPU higher.
Record Adjusted EBITDA Growth: Adjusted EBITDA of $77.3 million was a record and increased 9% year over year with an adjusted EBITDA margin of 48.9%.
Fiber Market Penetration Growth: The penetration rates in our greenfield fiber markets increased more than 2 percentage points to 17.5% up from 15.4% at the end of the second quarter with the growth in penetration being driven by outperforming in our residential business where penetration rates are above 20%.
New Term Loan Secured: We closed a $200 million new super priority term loan, enhancing our balance sheet and increasing our liquidity, which puts us in a strong position to re-accelerate our fiber greenfield strategy and continue bringing our high-speed fiber network to a number of new communities as we work toward our goal of 400,000 fiber homes passed over the next few years.
Capital Expenditure Decline: We reported a total capital spend of $40.5 million, which was down $24 million from last year and $10.6 million from last quarter, reflecting a significant decrease in expansion CapEx.
Negative
High-Speed Data Revenue Decline: High speed data revenue of $107.5 million decreased 2.1% year over year, reflecting the decrease in HSD subscribers.
Q3 Revenue Decline: Total revenue for the third quarter decreased 8.7% to $158 million, with video and telephony revenue dropping 28% and 9.5% respectively.
Subscriber Loss Analysis: We lost a total of 4,400 HSD subscribers during the quarter, with approximately 1,900 lost due to the ending of the ACP program down from 5,000 last quarter.
Capital Expenditure Decline: We reported a total capital spend of $40.5 million, which was down $24 million from last year and $10.6 million from last quarter, reflecting a significant decrease in expansion CapEx.
Subscriber Decline Analysis: Our legacy business has now dropped to 66,300 subscribers, a 34% decrease from the same period last year.
WOW FAQs
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WOW Earning Call Sentiment
WideOpenWest, Inc. (WOW) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
WOW.N
7.35%Positive
The earnings call reveals several negative factors: declining revenues and HSD subscribers, high debt levels, and lack of shareholder return plans. Despite some efficiency gains, the anticipated subscriber losses due to hurricanes and ACP discontinuation, combined with revenue declines, outweigh positives. The Q&A section highlighted management's evasiveness and lack of clarity, further increasing uncertainty. Given these factors, the stock price is likely to see a negative movement, potentially in the -2% to -8% range.
