WOW! REPORTS SECOND QUARTER 2025 RESULTS
WideOpenWest (NYSE: WOW) reported Q2 2025 results with Total Revenue of $144.2 million, down 9.2% year-over-year, and a net loss of $17.8 million. High-Speed Data (HSD) revenue remained relatively stable at $104.8 million.
The company expanded its Greenfield markets, passing 15,500 new homes during Q2, reaching a total of 91,100 homes passed with a 16.0% penetration rate. Adjusted EBITDA increased slightly to $70.3 million, with margin improving to 48.8%.
In a significant development, WOW! announced an agreement to be acquired by DigitalBridge Investments and Crestview Partners for $5.20 per share in an all-cash transaction.
WideOpenWest (NYSE: WOW) ha comunicato i risultati del secondo trimestre 2025 con Ricavi Totali di $144,2 milioni, in calo del 9,2% su base annua, e una perdita netta di $17,8 milioni. I ricavi da High-Speed Data (HSD) sono rimasti sostanzialmente stabili a $104,8 milioni.
La società ha ampliato i suoi mercati Greenfield, raggiungendo 15.500 nuove abitazioni nel secondo trimestre, per un totale di 91.100 abitazioni raggiunte e un tasso di penetrazione del 16,0%. L'EBITDA rettificato è salito leggermente a $70,3 milioni, con il margine in aumento al 48,8%.
In un'operazione significativa, WOW! ha annunciato di aver stipulato un accordo per essere acquisita da DigitalBridge Investments e Crestview Partners a $5,20 per azione in un'operazione interamente in contanti.
WideOpenWest (NYSE: WOW) presentó los resultados del segundo trimestre de 2025 con Ingresos Totales de $144,2 millones, una caÃda del 9,2% interanual, y una pérdida neta de $17,8 millones. Los ingresos por High-Speed Data (HSD) se mantuvieron relativamente estables en $104,8 millones.
La compañÃa amplió sus mercados Greenfield, alcanzando 15.500 nuevos hogares durante el segundo trimestre, llegando a un total de 91.100 hogares con una tasa de penetración del 16,0%. El EBITDA ajustado aumentó ligeramente hasta $70,3 millones, con un margen que mejoró al 48,8%.
En un desarrollo significativo, WOW! anunció un acuerdo por el que será adquirida por DigitalBridge Investments y Crestview Partners a $5,20 por acción en una transacción totalmente en efectivo.
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회사ëŠ� 그린필드 시장ì� 확대í•� 2분기 ë™ì•ˆ 15,500ê°¶Äêµ�ì—� 서비스를 ì œê³µí–ˆìœ¼ë©� ì´� 91,100ê°¶Äêµ�ë¥� 확보í•� 침투ìœ� 16.0%ë¥� 기ë¡í–ˆìŠµë‹ˆë‹¤. ì¡°ì • EBITDAëŠ� 소í ì¦ê°€í•� $70.3 millionì� ë˜ì—ˆê³�, ë§ˆì§„ì€ 48.8%ë¡� ê°œì„ ë˜ì—ˆìŠµë‹ˆë‹�.
중요í•� 소ì‹ìœ¼ë¡œ, WOW!ëŠ� DigitalBridge Investments와 Crestview Partnersì—� 주당 $5.20ë¡� ì¸ìˆ˜ë˜ëŠ” 현금 거래ì—� í•©ì˜í–ˆë‹¤ê³� 발표했습니다.
WideOpenWest (NYSE: WOW) a publié ses résultats du T2 2025 avec un chiffre d'affaires total de 144,2 M$, en baisse de 9,2% en glissement annuel, et une perte nette de 17,8 M$. Les revenus High-Speed Data (HSD) sont restés relativement stables à 104,8 M$.
La société a étendu ses marchés Greenfield, couvrant 15 500 nouveaux foyers au cours du T2, pour atteindre un total de 91 100 foyers desservis et un taux de pénétration de 16,0%. L'EBITDA ajusté a légèrement augmenté à 70,3 M$, la marge s'améliorant à 48,8%.
Dans un développement important, WOW! a annoncé un accord pour être acquise par DigitalBridge Investments et Crestview Partners à 5,20 $ par action dans le cadre d'une transaction entièrement en numéraire.
WideOpenWest (NYSE: WOW) meldete die Ergebnisse für Q2 2025 mit Gesamtumsatz von $144,2 Millionen, ein Rückgang von 9,2% im Jahresvergleich, und einem Nettoverlust von $17,8 Millionen. Die Erlöse aus High-Speed Data (HSD) blieben mit $104,8 Millionen relativ stabil.
Das Unternehmen hat seine Greenfield-Märkte erweitert und im 2. Quartal 15.500 neue Haushalte erschlossen, womit insgesamt 91.100 Haushalte erreicht wurden und eine Penetrationsrate von 16,0% erzielt wurde. Das bereinigte EBITDA stieg leicht auf $70,3 Millionen, bei einer Margenverbesserung auf 48,8%.
In einer bedeutenden Entwicklung gab WOW! bekannt, dass ein Abkommen zur Übernahme durch DigitalBridge Investments und Crestview Partners zu $5,20 pro Aktie in bar getroffen wurde.
- Adjusted EBITDA margin improved to 48.8% from 44.1% year-over-year
- Operating expenses decreased by 14.6% to $55.2 million
- Greenfield markets showing strong 16.0% penetration rate
- Agreement to extend revolving credit facility maturity to 2028
- All-cash acquisition offer at $5.20 per share provides immediate shareholder value
- Total Revenue declined 9.2% year-over-year to $144.2 million
- Net loss increased to $17.8 million from $10.8 million year-over-year
- Loss of 3,900 HSD RGUs in Q2 2025
- Total subscriber base decreased by 25,600 (5%) year-over-year
- Interest expense increased to $25.6 million from $17.8 million year-over-year
Insights
WOW! reports mixed Q2 results with declining revenue and subscribers but improved EBITDA margins amid fiber expansion and pending acquisition.
WOW!'s Q2 2025 results reveal a company in transition, balancing subscriber losses with expansion into new fiber markets. Total revenue declined
Despite these challenges, there are positive indicators within the results. High-speed data (HSD) revenue remained relatively stable at
The improved profitability metrics stem from substantial cost reductions, with operating expenses declining
WOW!'s Greenfield market expansion continues at a steady pace, with 15,500 new homes passed during Q2, bringing the total to 91,100 homes with a
The company's debt position remains significant at
The announced acquisition by DigitalBridge Investments and Crestview Partners at
Overall, WOW!'s results highlight a company navigating the structural challenges of the cable industry by pivoting toward a fiber-focused growth strategy while managing a declining legacy business. The acquisition offer validates this approach but also indicates the challenges of executing this transition as a public company.
Greenfield markets now pass 91.1 thousand homes with a penetration rate at
Second Quarter 2025 HighlightsÌý(1)
- Total Revenue of
, a decrease of$144.2 million , or$14.6 million 9.2% , compared to the second quarter of 2024 - HSD Revenue totaled
, a decrease of$104.8 million , or$0.2 million 0.2% , compared to the second quarter of 2024 - Net Loss was
for the quarter ended June 30, 2025$17.8 million - Adjusted EBITDA of
, an increase of$70.3 million , or$0.3 million 0.4% , compared to the second quarter of 2024 - Net loss of 3,900 HSD RGUs for the quarter ended June 30, 2025
- Passed approximately 15,500 new homes and added 2,300 subscribers in the Greenfield markets during the second quarter of 2025, bringing total homes passed to 91,100 in Greenfield markets with a penetration rate of
16.0%
"During the second quarter we passed an additional 15,500 new homes in our all-fiber Greenfield markets. As we continue to accelerate our fiber-to-the-home expansion, we're seeing growth in HSD Greenfield subscribers and consistently strong penetration rates," said Teresa Elder, WOW!'s CEO. "The execution of our expansion strategy continues to drive positive momentum heading into the second half of the year."
"Our results this quarter reflect a lower cost base as we reduce our expenses related to video which enables us to further invest in our Greenfield growth strategy," said John Rego, WOW!'s CFO. "Low-churn and another quarter of record HSD ARPU, highlight the underlying strength of our business."
Revenue
Total Revenue was
Total Subscription Revenue for the quarter ended JuneÌý30,Ìý2025 was
Other Business Services Revenue totaled
Other Revenue totaled
_____________________________ | |
(1) | Refer to "Non-GAAP Financial Measures" "Unaudited Reconciliations of GAAP Measures to Non-GAAP Measures," and "Subscriber Information" in this Press Release for definitions and information related to Adjusted EBITDA, Adjusted EBITDA margin and reconciliation of non-GAAP measures to the closest comparable GAAP measures and why our management thinks it is beneficial to present such non-GAAP measures. |
Costs and ExpensesÌý
Operating Expenses (excluding Depreciation and Amortization) totaled
Net LossÌý
Net Loss for the quarter ended June 30, 2025 was
Adjusted EBITDA
Adjusted EBITDA for the quarter ended June 30, 2025 was
Subscribers
WOW! reported Total Subscribers of approximately 469,600 as of JuneÌý30,Ìý2025, a decrease of 25,600, or
Market Expansion
Market Expansion projects passed an additional 19,000 homes for the quarter ended June 30, 2025, including 15,500 additional homes in Greenfield markets and 3,500 additional homes in Edge-out projects. ÌýIn total, Greenfield markets now pass a total of 91,100 homes and 14,600 subscribers, representing a
At June 30, 2025, the 2025 Edge-out projects passed 5,000 new homes and 1,400 subscribers, representing a
Capital Expenditures
Capital Expenditures totaled
Liquidity and Leverage
As of JuneÌý30,Ìý2025, the total outstanding amount of long-term debt and finance lease obligations was
Webcast
WOW! will host a webcast and conference call on Monday, August 11, 2025 at 5:00 p.m. ET to discuss the financial and operating results contained in this press release. The conference call and webcast will be broadcast live on the Company's investor relations website at . Those parties interested in participating can use the information as follows:
Call Date: | Monday, August 11, 2025 | Call Time: | 5:00 p.m. Eastern | |||
Dial In: | (800) 715-9871 | International: | (646) 307-1963 | |||
Conf. ID: | 2688718 |
A replay of the call will be available on the investor relations website.
DigitalBridge Investments and Crestview Partners to Acquire WOW!
In a separate release issued today, WOW! announced an agreement under which affiliated investment funds of DigitalBridge Investments and Crestview Partners will acquire all of the outstanding shares of common stock of WOW! not already owned by
In connection with the acquisition agreement, WOW! entered into an agreement to extend the maturity date of our revolving credit facility to June 30, 2027 and, conditional on the closing of the acquisition transaction, to further extend the term of the facility to September 11, 2028.
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WIDEOPENWEST, INC. AND SUBSIDIARIES | ||||||
JuneÌý30,Ìý | DecemberÌý31,Ìý | |||||
2025 | 2024 | |||||
(inÌýmillions, except share data) | ||||||
Assets | ||||||
Current assets | ||||||
Cash | $ | 31.8 | $ | 38.8 | ||
Accounts receivable—trade, net of allowance for credit losses of | 34.3 | 32.0 | ||||
Accounts receivable—other | 2.1 | 2.1 | ||||
Prepaid expenses and other | 41.2 | 38.9 | ||||
Total current assets | 109.4 | 111.8 | ||||
Right-of-use lease assets—operating | 18.9 | 19.3 | ||||
Property, plant and equipment, net | 823.9 | 831.2 | ||||
Franchise operating rights | 278.3 | 278.3 | ||||
Goodwill | 225.1 | 225.1 | ||||
Intangible assets subject to amortization, net | 0.5 | 0.6 | ||||
Other non-current assets | 45.4 | 46.2 | ||||
Total assets | $ | 1,501.5 | $ | 1,512.5 | ||
Liabilities and stockholders' equity | ||||||
Current liabilities | ||||||
Accounts payable—trade | $ | 43.5 | $ | 42.2 | ||
Accrued interest | 19.0 | 19.8 | ||||
Current portion of long-term lease liability—operating | 4.7 | 4.6 | ||||
Accrued liabilities and other | 61.4 | 72.8 | ||||
Current portion of long-term debt and finance lease obligations | 20.3 | 20.0 | ||||
Current portion of unearned service revenue | 23.1 | 23.8 | ||||
Total current liabilities | 172.0 | 183.2 | ||||
Long-term debt and finance lease obligations, net of debt issuance costs —less current portion | 1,032.7 | 997.4 | ||||
Long-term lease liability—operating | 16.4 | 16.9 | ||||
Deferred income taxes, net | 85.4 | 91.0 | ||||
Other non-current liabilities | 14.1 | 15.2 | ||||
Total liabilities | 1,320.6 | 1,303.7 | ||||
Commitments and contingencies | ||||||
Stockholders' equity: | ||||||
Preferred stock, | � | � | ||||
Common stock, | 1.0 | 1.0 | ||||
Additional paid-in capital | 408.0 | 402.9 | ||||
Retained earnings (accumulated deficit) | (70.2) | (38.5) | ||||
Treasury stock at cost, 15,673,411 and 15,409,417 shares as of JuneÌý30,Ìý2025 and DecemberÌý31,Ìý2024, | (157.9) | (156.6) | ||||
Total stockholders' equity | 180.9 | 208.8 | ||||
Total liabilities and stockholders' equity | $ | 1,501.5 | $ | 1,512.5 |
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WIDEOPENWEST, INC. AND SUBSIDIARIES | |||||||||||||
Three months ended | Six months ended | ||||||||||||
JuneÌý30,Ìý | JuneÌý30,Ìý | ||||||||||||
2025 | 2024 | 2025 | 2024 | ||||||||||
(in millions, except for share data) | |||||||||||||
Revenue: | |||||||||||||
HSD | $ | 104.8 | $ | 105.0 | $ | 210.2 | $ | 211.2 | |||||
Video | 18.5 | 30.8 | 41.4 | 62.6 | |||||||||
Telephony | 9.6 | 10.7 | 19.8 | 21.7 | |||||||||
Total subscription services revenue | 132.9 | 146.5 | 271.4 | 295.5 | |||||||||
Other business services | 4.9 | 5.0 | 9.8 | 10.3 | |||||||||
Other | 6.4 | 7.3 | 13.0 | 14.5 | |||||||||
Total revenue | 144.2 | 158.8 | 294.2 | 320.3 | |||||||||
Costs and expenses: | |||||||||||||
Operating (excluding depreciation and amortization) | 55.2 | 64.6 | 114.2 | 132.1 | |||||||||
Selling, general and administrative | 35.9 | 37.8 | 67.4 | 74.2 | |||||||||
Depreciation and amortization | 50.7 | 52.7 | 101.5 | 105.1 | |||||||||
141.8 | 155.1 | 283.1 | 311.4 | ||||||||||
Income from operations | 2.4 | 3.7 | 11.1 | 8.9 | |||||||||
Other income (expense): | |||||||||||||
Interest expense | (25.6) | (17.8) | (53.1) | (38.8) | |||||||||
Ìý Other income, net | 0.2 | 0.2 | 0.2 | 0.5 | |||||||||
Loss from operations before provision for income tax | (23.0) | (13.9) | (41.8) | (29.4) | |||||||||
Income tax benefit | 5.2 | 3.1 | 10.1 | 3.6 | |||||||||
Net loss | $ | (17.8) | $ | (10.8) | $ | (31.7) | $ | (25.8) | |||||
Basic and diluted loss per common share | |||||||||||||
ÌýÌýÌýÌýÌý Basic | $ | (0.22) | $ | (0.13) | $ | (0.38) | $ | (0.32) | |||||
ÌýÌýÌýÌýÌý Diluted | $ | (0.22) | $ | (0.13) | $ | (0.38) | $ | (0.32) | |||||
Weighted-average common shares outstanding | |||||||||||||
ÌýÌýÌýÌýÌý Basic | 82,791,997 | 81,938,341 | 82,522,958 | 81,644,131 | |||||||||
ÌýÌýÌýÌýÌý Diluted | 82,791,997 | 81,938,341 | 82,522,958 | 81,644,131 |
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WIDEOPENWEST, INC. AND SUBSIDIARIES | ||||||
Six Months Ended | ||||||
JuneÌý30,Ìý | ||||||
2025 | 2024 | |||||
(in millions) | ||||||
Cash flows from operating activities: | ||||||
Net loss | $ | (31.7) | $ | (25.8) | ||
Adjustments to reconcile net loss to net cash provided by operating activities: | ||||||
Depreciation and amortization | 102.8 | 105.4 | ||||
Deferred income taxes | (5.6) | (9.9) | ||||
Provision for credit losses | 3.7 | 4.8 | ||||
Gain on sale of operating assets, net | (1.3) | (0.3) | ||||
Amortization of debt issuance costs and discount | 2.9 | 0.9 | ||||
Change in fair value of derivative instruments | 3.4 | (0.7) | ||||
Non-cash compensation | 5.1 | 5.9 | ||||
Other non-cash items | � | (0.1) | ||||
Changes in operating assets and liabilities: | ||||||
Receivables and other operating assets | (7.6) | 0.1 | ||||
Payables and accruals | (18.9) | 6.3 | ||||
Net cash provided by operating activities | $ | 52.8 | $ | 86.6 | ||
Cash flows from investing activities: | ||||||
Capital expenditures | $ | (86.8) | $ | (123.6) | ||
Other investing activities | 1.3 | 0.1 | ||||
Net cash used in investing activities | $ | (85.5) | $ | (123.5) | ||
Cash flows from financing activities: | ||||||
Proceeds from issuance of long-term debt | $ | 40.0 | $ | 44.0 | ||
Payments on long-term debt and finance lease obligations | (13.0) | (10.0) | ||||
Reimbursement of finance lease payments | � | 1.7 | ||||
Purchase of shares | (1.3) | (1.5) | ||||
Net cash provided by financing activities | $ | 25.7 | $ | 34.2 | ||
Decrease in cash and cash equivalents | (7.0) | (2.7) | ||||
Cash, beginning of period | 38.8 | 23.4 | ||||
Cash, end of period | $ | 31.8 | $ | 20.7 | ||
Supplemental disclosures of cash flow information: | ||||||
Cash paid during the periods for interest, net | $ | 47.5 | $ | 38.6 | ||
Cash received during the periods for interest rate swap | $ | � | $ | 1.6 | ||
Cash paid during the periods for income taxes | $ | 1.0 | $ | 0.1 | ||
Insurance proceeds received for business interruption | $ | 2.7 | $ | � | ||
Indemnification proceeds received for patent litigation | $ | 1.0 | $ | 1.8 | ||
Non-cash operating activities: | ||||||
Operating lease additions | $ | 1.9 | $ | 2.9 | ||
Non-cash investing and financing activities: | ||||||
Finance lease additions | $ | 5.8 | $ | 5.1 | ||
Excise tax payable | $ | � | $ | 0.2 | ||
Capital expenditures within accounts payable and accruals | $ | 32.3 | $ | 33.7 |
About WOW!
WOW! is one of the nation's leading broadband providers, with an efficient, high-performing network that passes nearly 2.0 million residential, business and wholesale consumers. WOW! provides services in 18 markets, primarily in the Midwest and Southeast, including
Cautionary Statement Regarding Forward-Looking StatementsÌý
Certain statements in this communication that are not historical facts contain "forward-looking statements" within the meaning of SectionÌý27A of the Securities Act of 1933, as amended, and SectionÌý21E of the Securities Exchange Act of 1934, as amended, including statements related to the proposed acquisition of WOW! by funds affiliated with DigitalBridge Investments and Crestview Partners (the "Transaction"), including financial estimates and statements as to the expected timing, completion and effects of the Transaction. ÌýThese forward-looking statements represent our goals, beliefs, plans and expectations about our prospects for the future and other future events. Forward-looking statements include all statements that are not historical fact and can be identified by terms such as "may," "intend," "might," "will," "should," "could," "would," "anticipate," "expect," "believe," "estimate," "plan," "project," "predict," "potential," "continue," "likely," "target" or similar expressions or the negative of these termsÌý or other comparable terminology that convey uncertainty of future events or outcomes. By their nature, forward-looking statements address matters that involve risks and uncertainties because they relate to events and depend upon future circumstances that may or may not occur, such as the consummation of the Transaction and the anticipated benefits thereof. These and other forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements.
Important risk factors that may cause such a difference include, but are not limited to: (i) the completion of the Transaction on anticipated terms and timing or at all, including obtaining required stockholder and regulatory approvals, and the satisfaction of other conditions to the completion of the Transaction; (ii) potential litigation relating to the Transaction that could be instituted against DigitalBridge,
In light of the significant uncertainties in these forward-looking statements, WOW! cannot assure you that the forward-looking statements in this communication will prove to be accurate, and you should not regard these statements as a representation or warranty by WOW!, its directors, officers or employees or any other person that WOW! will achieve its objectives and plans in any specified time frame, or at all. These forward-looking statements speak only as of the date they are made, and WOW! does not undertake to and specifically disclaims any obligation to publicly release the results of any updates or revisions to these forward-looking statements that may be made to reflect future events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events, except as required by applicable law.
Non-GAAP Financial Measures
The Company has included certain non-GAAP financial measures in this release, including Adjusted EBITDA and Adjusted EBITDA margin. These terms, as defined herein, are not intended to be considered in isolation, as a substitute for, or superior to, the financial information prepared and presented in accordance with generally accepted accounting principles in
We believe that these non-GAAP measures enhance an investor's understanding of our financial performance. We believe that these non-GAAP measures are useful financial metrics to assess our operating performance from period to period by excluding certain items that we believe are not representative of our core business. We believe that these non-GAAP measures provide investors with useful information for assessing the comparability between periods of our ability to generate cash from operations sufficient to pay taxes, to service debt and to undertake Capital Expenditures. We use these non-GAAP measures for business planning purposes and in measuring our performance relative to that of our competitors. We believe these non-GAAP measures are measures commonly used by investors to evaluate our performance and that of our competitors.
Adjusted EBITDA eliminates the impact of expenses that do not relate to overall business performance and is defined by WOW! as net income (loss) before interest expense, income taxes, depreciation and amortization (including impairments), impairment losses on intangibles and goodwill, write-off of any asset, loss on early extinguishment of debt, integration and restructuring expenses and all non‑cash charges and expenses (including stock compensation expense) and certain other income and expenses. Adjusted EBITDA should not be considered as an alternative to net income (loss), operating income or any other performance measures derived in accordance with GAAP as measures of operating performance, operating cash flows or liquidity.
Refer to "Reconciliations of GAAP Measures to Non-GAAP Measures" and the accompanying tables below for a reconciliation of Adjusted EBITDA to Net Income and Adjusted EBITDA margin to Net Profit margin which are the most directly comparable corresponding GAAP financial measures.
Subscriber Information
The Company uses the terms defined below throughout this release.
Homes passed are reported as the number of serviceable addresses, such as single residence homes, apartments and condominium units, and businesses passed by our broadband network and listed in our database.
We deliver multiple services to our customers, as such we report Total Subscribers as the number of Subscribers who receive at least one of our HSD, Video or Telephony services, without regard to which or how many services they subscribe. We define each of the individual HSD Subscribers, Video Subscribers and Telephony Subscribers as a Revenue Generating Unit ("RGU").
While we take appropriate steps to ensure subscriber information is presented on a consistent and accurate basis at any given balance sheet date, we periodically review our policies in light of the variability we may encounter across our different markets due to the nature and pricing of products and services and billing systems. Accordingly, we may from time to time make appropriate adjustments to our subscriber information based on such reviews.
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WIDEOPENWEST, INC. AND SUBSIDIARIES | ||||||||||||
The following table provides a reconciliation of Adjusted EBITDA and Adjusted EBITDA Margin to Net (Loss) Income and | ||||||||||||
Three months ended | Six months ended | |||||||||||
JuneÌý30,Ìý | JuneÌý30,Ìý | |||||||||||
2025 | 2024 | 2025 | 2024 | |||||||||
(inÌýmillions) | ||||||||||||
Net loss | $ | (17.8) | $ | (10.8) | $ | (31.7) | $ | (25.8) | ||||
Net Profit Margin | (12.3)Ìý% | (6.8)Ìý% | (10.8)Ìý% | (8.1)Ìý% | ||||||||
Plus: Depreciation and amortization | 50.7 | 52.7 | 101.5 | 105.1 | ||||||||
Interest expense | 25.6 | 17.8 | 53.1 | 38.8 | ||||||||
Non-recurring professional fees, M&A integration and restructuring expense | 15.0 | 10.7 | 30.3 | 19.3 | ||||||||
Patent litigation settlement | (0.5) | � | (1.0) | (1.8) | ||||||||
Non-cash stock compensation | 2.7 | 2.9 | 5.1 | 5.9 | ||||||||
Other income, net | (0.2) | (0.2) | (0.2) | (0.5) | ||||||||
Income tax benefit | (5.2) | (3.1) | (10.1) | (3.6) | ||||||||
Adjusted EBITDA | $ | 70.3 | $ | 70.0 | $ | 147.0 | $ | 137.4 | ||||
Adjusted EBITDA Margin | 48.8Ìý% | 44.1Ìý% | 50.0Ìý% | 42.9Ìý% |
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The following table provides additional information regarding our Capital Expenditures for the periods presented: | ||||||||||||
Three months ended | Six months ended | |||||||||||
JuneÌý30,Ìý | JuneÌý30,Ìý | |||||||||||
2025 | 2024 | 2025 | 2024 | |||||||||
(inÌýmillions) | ||||||||||||
Customer premise equipment | $ | 19.9 | $ | 15.8 | $ | 35.8 | $ | 34.4 | ||||
Scalable infrastructure | 12.2 | 17.8 | 23.8 | 50.4 | ||||||||
Support capital and other | 7.8 | 9.3 | 14.2 | 19.5 | ||||||||
Line extensions | 8.0 | 8.2 | 13.0 | 19.3 | ||||||||
Total | $ | 47.9 | $ | 51.1 | $ | 86.8 | $ | 123.6 | ||||
Capital expenditures included in total related to: | ||||||||||||
Greenfields | $ | 14.1 | $ | 10.2 | $ | 24.9 | $ | 53.3 | ||||
Edge-outs | $ | 4.3 | $ | 2.7 | $ | 6.2 | $ | 4.4 | ||||
Business services | $ | 2.2 | $ | 4.7 | $ | 4.2 | $ | 6.9 |
The following table provides an unaudited summary of our subscriber information:
Jun. 30, | Sep. 30, | Dec. 31, | Mar. 31, | Jun. 30, | ||||||
2024 | 2024 | 2024 | 2025 | 2025 | ||||||
Homes Passed | 1,956,700 | 1,952,200 | 1,962,100 | 1,977,600 | 1,997,100 | |||||
Total Subscribers | 495,200 | 490,500 | 478,700 | 473,800 | 469,600 | |||||
HSD RGUs | 485,000 | 480,600 | 470,400 | 465,900 | 462,000 | |||||
Video RGUs | 71,600 | 66,300 | 60,600 | 48,900 | 42,500 | |||||
Telephony RGUs | 75,700 | 73,700 | 71,600 | 69,200 | 67,000 | |||||
Total RGUs | 632,300 | 620,600 | 602,600 | 584,000 | 571,500 |
Additional Information Available on Website:
The information in this press release should be read in conjunction with the financial statements and footnotes contained in the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, which will be posted on our investor relations website at ir.wowway.com, when it is filed with the Securities and Exchange Commission. A slide presentation to accompany the conference call and a trending schedule containing historical customer and financial data will also be available on our website.
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SOURCE WideOpenWest, Inc.