The following is a summary of the WideOpenWest, Inc. (WOW) Q2 2024 Earnings Call Transcript:

Financial Performance:

• WideOpenWest reported Q2 2024 high-speed data (HSD) revenue at $105 million, down 1.6% year-over-year.

• Adjusted EBITDA for the period increased by 2.8% to $70 million, while EBITDA margins improved to 44.1%.

• The company also reported savings of $35.5 million, ahead of schedule, as part of its cost reduction efforts.

Business Progress:

• The company made progress in its fiber expansion initiative; an additional 7,000 new homes were passed in Greenfield markets, totaling 52,500 homes.

• Penetration rates in Greenfield markets increased to 15.4%.

• Introduced strategic steps like speed upgrades and simplified pricing plans to strengthen subscriber numbers in legacy markets.

Opportunities:

• Strategic partnerships and expansion, notably in partnering with YouTube TV, which is contributing to low customer churn and attracting more customers in expansion markets.

• The company's strategy and efforts to stabilize subscriber numbers are being supported by new initiatives which could likely contribute to revenue growth.

Risks:

• The end of the ACP program led to a churn of 5,000 high-speed data subscribers resulting in a net loss, indicating potential ongoing risks associated with similar subsidy programs.

• Challenges in the legacy markets continue to impact subscriber numbers negatively.

More details: WideOpenWest IR

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