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WideOpenWest, Inc. (WOW) operated as WOW! Internet, TV & Phone, a U.S. broadband provider serving residential, business and wholesale customers across markets primarily in the Midwest and Southeast. Company updates centered on high-speed Internet, cable TV, home phone, mobile phone, business data, voice and cloud services, along with expansion of all-fiber greenfield networks in Florida, Michigan and South Carolina.
Recurring news categories included operating and financial results, subscription revenue and ARPU trends, broadband customer metrics, network expansion milestones, community partnerships and capital-structure or governance developments. Later corporate-status updates documented the completed merger transaction, the cessation of NYSE trading in WOW common stock and related delisting and deregistration steps.
WideOpenWest, Inc. (WOW) reported first-quarter financial results for 2021, revealing a total revenue of $286.3 million, representing a 1% increase year-over-year. Net income reached $9.6 million, with diluted earnings per share of $0.11. High-speed data (HSD) revenue rose 12% to $152.7 million, marking the sixth consecutive quarter of record HSD revenue. Adjusted EBITDA increased 13% to $112.4 million, with a margin of 39.3%. Total subscribers grew by 3% to 859,200.
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WOW! Internet, Cable & Phone (NYSE: WOW) announces a conference call on May 4, 2021, at 8:00 a.m. ET to discuss the first quarter financial results. A press release will precede the call, providing detailed financial data. Interested parties can join via the investor relations website or by telephone. A replay will be available later that day and until June 2, 2021. WOW! serves three million customers across 19 markets in the Midwest and Southeast, focusing on delivering high-speed internet, cable TV, and phone services.
On April 1, 2021, WOW! Internet, operating as NuLink in Newnan, Georgia, announced that over 90% of its network has been restored following significant damage from a recent tornado. Restoration efforts are ongoing, focusing on areas west of Jackson and Greenville Streets. The company has provided free community WiFi hotspots to assist residents in accessing essential services during the disruption. Despite challenges posed by the emergency, NuLink remains committed to restoring services promptly, adhering to local emergency management protocols.
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WOW! Internet, Cable & Phone (NYSE: WOW) has reported that it is actively repairing network damage caused by a recent tornado in Newnan, Georgia. Currently, services have been restored to approximately one-third of affected customers. NuLink engineers are working to restore full connectivity as debris is cleared and safety is ensured. In support of the local community, free WiFi hotspots have been made available at key locations. WOW! emphasizes the critical need for internet access post-disaster, as restoration efforts continue.
WOW! Internet, Cable & Phone (NYSE: WOW) launched Local Advantage, an advertising promotion aimed at assisting small business customers during the COVID-19 pandemic. This initiative offers featured spots in WOW! Business commercials, enhancing visibility without additional costs. Customers can benefit from a 12-week advertising campaign across local networks. The company also recently introduced a Business Home Office Solution to help businesses adapt to remote work. This reflects WOW!'s commitment to support local businesses during challenging times.
WOW! Internet, Cable & Phone (NYSE: WOW) will participate in the Deutsche Bank Media, Internet & Telecom Conference on March 9, 2021 at 10:00 a.m. EST. CEO Teresa Elder and CFO John Rego will represent the company during this event. A live webcast of their presentation will be available on WOW!'s investor relations website. WOW! is a leading broadband provider in the U.S., serving over three million residential and business customers across 19 markets.
WideOpenWest reported Q4 2020 revenue of $293.2 million and net income of $3.1 million, with diluted EPS at $0.04. High-speed data (HSD) revenue rose 13.4% to $150.7 million, contributing to full-year revenue of $1.148 billion and net income of $14.4 million. HSD RGUs increased by 32,300 for the year. Adjusted EBITDA was $123.2 million (42.0% margin). Operating expenses decreased by 6%, while SG&A rose by 23%. Capital expenditures totaled $234.1 million. Despite COVID-19 impacts of $12.7 million, the company anticipates Q1 2021 revenue between $281-284 million.
WOW! Internet, Cable & Phone (NYSE: WOW) has launched Fiber Flex, a new cost-effective high-speed data service aimed at supporting small and medium-sized businesses affected by the COVID-19 pandemic. With a significant percentage of these businesses struggling financially, Fiber Flex offers reliable internet access at reduced costs, allowing them to manage operational goals without sacrificing essential services. The new service is available in seven markets across Alabama, Tennessee, Indiana, Georgia, Ohio, South Carolina, and Florida.