WideOpenWest, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 04:06 pm EST
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WideOpenWest, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 173.1 million compared to USD 173.7 million a year ago. Net loss was USD 104.5 million compared to net income of USD 0.5 million a year ago. Basic loss per share from continuing operations was USD 1.29 compared to basic earnings per share from continuing operations of USD 0.01 a year ago. Diluted loss per share from continuing operations was USD 1.29 compared to diluted earnings per share from continuing operations of USD 0.01 a year ago.
For the nine months, sales was USD 517.9 million compared to USD 524.4 million a year ago. Net loss was USD 244.2 million compared to net income of USD 10.2 million a year ago. Basic loss per share from continuing operations was USD 2.99 compared to basic earnings per share from continuing operations of USD 0.12 a year ago. Diluted loss per share from continuing operations was USD 2.99 compared to diluted earnings per share from continuing operations of USD 0.12 a year ago.
WideOpenWest, Inc. is a broadband provider, which offers a portfolio of advanced services, including high-speed data (HSD), cable television (Video) and digital telephony services to residential customers, and offers a full range of products and services to business customers. It offers its services across 16 markets via hybrid fiber-coax network. Its footprint covers certain suburban areas within the states of Alabama, Florida, Georgia, Michigan, South Carolina and Tennessee. Its broadband networks pass approximately 1.9 million homes and businesses and serves 504,100 customers. The Company offers tiered HSD services to residential customers that include high-speed connections to the Internet using cable modems. It offers a connection up to 1.2 GIG. Its broadband network also supports services to business customers, and it has developed a full suite of products for small, medium and large local enterprises. It offers fiber-based services and office-to-office metro Ethernet services.
WIDEOPENWEST, INC. 
