Overview

* WOW! Q3 revenue beats analyst expectations despite an 8.9% yr/yr decline

* Adjusted EBITDA for Q3 misses analyst estimates, declining 11% yr/yr

* Company to be taken private by DigitalBridge and Crestview in $1.5 bln deal

Outlook

* Company continues to focus on expanding Greenfield markets with strong penetration rates

* Company to be acquired by DigitalBridge Group Inc and Crestview Partners in $1.5 bln deal

* Company emphasizes balancing growth initiatives with operating efficiencies

Result Drivers

* GREENFIELD EXPANSION - Co passed 15,500 new homes and added 2,500 subscribers in Greenfield markets, maintaining a 16% penetration rate

* ARPU INCREASE - Co's ARPU rose by $4.9 mln due to rate increases in Q1 and Q2 2025

* COST REDUCTION - Operating expenses decreased by $8.7 mln, driven by lower programming expenses

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $144 mln $142.93

Revenue mln (3

Analysts

)

Q3 Net -$35.70

Income mln

Q3 Miss $68.80 $70.54

Adjusted mln mln (3

EBITDA Analysts

)

Q3 47.80%

Adjusted

EBITDA

Margin

Q3 $53.90

Adjusted mln

Operatin

g

Expenses

Q3 $133 mln

Service

Revenue

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the broadcasting peer group is "hold"

* Wall Street's median 12-month price target for WideOpenWest Inc ( WOW ) is $5.20, about 1.2% above its November 4 closing price of $5.14

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)