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NEW YORK -On Friday, WideOpenWest Inc . (NYSE: NYSE:WOW) the broadband provider reported fourth-quarter results that were in-line with analyst expectations and provided revenue guidance for the first quarter of 2025.
The company’s shares jumped 8.87% in apremarket trading following the release.
The Englewood, Colorado-based company reported a fourth-quarter net loss of $10.6 million, or $0.13 per share, matching the consensus estimate. Revenue fell 9.6% year-over-year to $152.6 million, slightly below analysts’ expectations of $154.42 million.
WideOpenWest’s high-speed data (HSD) revenue, a key metric, declined 3.5% to $104.9 million compared to the fourth quarter of 2023. The company lost 10,200 HSD subscribers during the quarter, including 5,400 related to Hurricanes Helene and Milton.
Despite the revenue decline, adjusted EBITDA increased 3.5% to $73.7 million compared to the same period last year. The adjusted EBITDA margin expanded to 48.3% from 42.2% a year ago.
"I am pleased with the progress we made in 2024, especially in our Greenfield markets where we passed an additional 31,500 new homes and increased our penetration rate to 16.6%," said Teresa Elder, WideOpenWest’s CEO.
For the first quarter of 2025, the company expects revenue between $147 million and $149 million, in line with the consensus estimate of $148.3 million.
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