WOW Revenues Dip 2.9% to $1.15B for 2018

ENGLEWOOD, Colo. -- 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 fourth quarter and year ended December 31, 2018.

Year End 2018 Highlights

Revenue
On a reported basis, for the year ended December 31, 2018, Total Revenue decreased 2.9% to $1.154 billion compared to the year ended December 31, 2017. Total Revenue Including Acquisitions and Dispositions decreased 1.2% to $1.159 billion compared to the year ended 2017, which was driven primarily by Video and Telephony RGU losses, partially offset by increases in ARPU, HSD RGU growth and Business Services Subscription Revenue growth.

Customers
WOW! reported Total Subscribers of 807,900 as of December 31, 2018. Excluding the impact from Hurricane Michael, Total Subscribers increased by 19,000, or 2.4%, compared to December 31, 2017, which was the best yearly result in at least the last four years. HSD RGUs totaled 759,600 as of December 31, 2018, excluding the impact from Hurricane Michael, HSD RGU’s increased 27,000, or 3.7%, compared to December 31, 2017.

Edge-Outs
As of December 31, 2018, Edge-Out projects reached 138,100 homes passed as part of the Company’s Edge-Out growth efforts started in 2016.

Capital Expenditures
Capital Expenditures, on a reported basis, totaled $314.1 million for the year ended December 31, 2018, representing a $12.8 million, or 4.2%, increase compared to the year ended December 31, 2017.

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