WideOpenWest reports Q4 EPS (54c), consensus (1c)

Reports Q4 revenue $168.8M, consensus $170.57M. “We continue to make great progress in our expansion markets, passing 48,400 homes in 2023, including nearly 23,000 in the fourth quarter, the most robust quarterly expansion of our network in our 25-year history, which puts us in a strong position to grow our footprint and subscriber base in 2024,” said Teresa Elder, WOW!’s CEO. “The momentum in our new markets is also helping to drive our financial results which included a four percent increase in our HSD revenue in 2023.” “Our financial results this year continue to reflect the progress we are making as a broadband-first company including full-year HSD revenue growth and an Adjusted EBITDA Margin of 40.1%,” said John Rego, WOW!’s CFO. “With continued HSD ARPU growth and record fourth quarter Adjusted EBITDA margins, we are seeing significant momentum as we move into 2024.”