WideOpenWest, Inc. (WOW) reported a decline in financial performance for the second quarter of 2025, with total revenue of $144.2 million, down 9% from $158.8 million in the same period last year. For the first half of 2025, revenue decreased by 8% to $294.2 million compared to $320.3 million in the first half of 2024. The company attributed this decline primarily to a shift in service offering mix and a decrease in customer volume across all services, despite a slight increase in average revenue per unit (ARPU) due to rate increases.
The company's operating expenses, excluding depreciation and amortization, also decreased by 15% to $55.2 million for the second quarter, reflecting a reduction in direct operating expenses, particularly programming costs. Selling, general, and administrative expenses fell by 5% to $35.9 million, aided by business continuity insurance recoveries. However, WOW reported a net loss of $17.8 million for the quarter, compared to a loss of $10.8 million in the prior year, with a basic loss per share of $0.22.
In terms of operational metrics, WOW served approximately 469,600 customers as of June 30, 2025, a decrease from 478,700 customers a year earlier. The company’s broadband networks passed nearly 2 million homes and businesses, with a significant focus on expanding its footprint in Florida and Alabama. The average percentage of high-speed data (HSD) only new connections remained stable at around 93%, with 75% of these connections opting for speeds of 500 Mbps or higher.
Strategically, WOW announced a merger agreement on August 11, 2025, with Bandit Parent LP, which is expected to close by the end of the year or in early 2026. Under the terms of the agreement, shareholders will receive $5.20 per share in cash. The merger is subject to various conditions, including stockholder approval and regulatory clearance. Additionally, WOW has extended its revolving credit facility to June 30, 2027, with adjustments to the interest rate and leverage ratio covenants contingent upon the merger's completion. The company continues to focus on its greenfield expansion strategy, launching services in several new communities in Florida and Alabama.
About WideOpenWest, Inc.
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