WideOpenWest reports Q3 EPS (27c), consensus (10c)

Reports Q3 revenue $158M, consensus $157.46M. “During the third quarter we demonstrated the strength of our strategy in our expansion markets where we increased penetration rates to higher levels and grew ARPU,” said Teresa Elder, WOW!’s CEO. “We continue to make progress in these new markets, especially as we added customers in Hernando County, Florida where we recently expanded our all-fiber network.” “Securing the new $200 million term loan strengthened our balance sheet and improved liquidity which has enabled us to reaccelerate our fiber expansion strategy in Greenfield markets,” said John Rego, WOW!’s CFO. “We also continued to aggressively manage our expenses to drive Adjusted EBITDA higher.”