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WOW! REPORTS SECOND QUARTER 2018 RESULTS
ENGLEWOOD, Colo. (August 9, 2018) – WideOpenWest, Inc. (“WOW!” or the “Company”) (NYSE: WOW), a leading, fully integrated provider of residential and commercial high-speed data, video and telephony services to customers in the United States, today announced financial and operating results for the second quarter ended June 30, 2018.
Second Quarter 2018 Highlights (1)
For the quarter ended June 30, 2018, WOW! reported Total Revenue of $291.3 million, down $6.2 million, or 2.1%, compared to the quarter ended June 30, 2017. The Company reported second quarter 2018 Net Income of $25.2 million and Adjusted EBITDA of $102.2 million.
“I am heartened by the continued efforts throughout the Company to execute on our vision,” said Teresa Elder, chief executive officer of WOW! “WOW! achieved its second consecutive quarter of positive organic HSD RGU growth in the face of second quarter seasonality and our rate increase which was implemented at the beginning of the quarter. The impact of our investments in customer care are showing in continued churn improvement. The launch of Whole Home WiFi and the re-release of our wowway.com website are substantial milestones to drive the growth trajectory of our business.”
“Adjusted EBITDA for the second quarter was in-line with our expectations,” said Rich Fish, chief financial officer of WOW! “The second quarter results were the best second quarter performance in multiple years for total RGU and RGU segment net additions and demonstrate that WOW! can successfully win, and retain, customer relationships in our footprint.”
The following information was filed by Wideopenwest, Inc. (WOW) on Thursday, August 9, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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