Q3 2025 WideOpenWest Inc Earnings Call

Speaker #3: Good day and welcome , everyone to the wide open West . Third quarter 2025 Earnings Call . Today's conference is being recorded . All lines have been placed on mute to prevent any background noise .

Speaker #3: After the speakers remarks , there will be a question and answer session . If you would like to ask a question during this time , simply press the star key followed by the number one on your telephone keypad .

Speaker #3: If you would like to withdraw your question , press star one again . At this time , I would like to turn the conference over to Andrew Posen Vice President , Head of Investor Relations .

Speaker #3: Please go ahead .

Speaker #4: Good morning , everyone , and thank you for joining our third quarter 2020 earnings call . Earlier this morning , we issued a press release with our financial and operating results for the third quarter of 2025 , which is now available on our Investor Relations website .

Speaker #4: We also published a trending schedule with additional historic and financial and operating metrics . On August 11th , 2025 , we announced that Wide entered into a definitive agreement under which affiliated investment funds of Digital Bridge Investments and Crestview Partners will acquire all of the outstanding shares of common stock of Wow .

Speaker #4: Not already owned by Crestview and its affiliates . In light of this pending transaction , we will not be making any comments on our results this quarter .

Speaker #4: However , we will take questions related to this morning's earnings release . I am joined this morning by our CEO , Teresa Elder , and our CFO , John Rego , who are here to answer questions .

Speaker #4: I would like to remind everyone that we may make some forward looking statements about our expected operating results , our business strategy , and other matters related to relating to our business .

Speaker #4: These forward looking statements are made in reliance on the safe harbor provisions of the Federal securities laws and and are subject to known and unknown risks , uncertainties and other factors that may cause our actual operating results .

Speaker #4: Financial position or performance to be materially different from those expressed or implied in our forward looking statements . You are cautioned not to place undue reliance on such forward looking statements .

Speaker #4: We disclaim any obligation to update such forward looking statements . For additional information concerning factors that could affect our financial results or cause actual results to differ materially from our forward looking statements .

Speaker #4: Please refer to our filings with the SEC , including Risk Factors section of our form 10-K and most recent 10-q filed with the SEC , as well as the forward looking statements section of our press release .

Speaker #4: In addition , please note that on today's call and in the press release , we issued this morning , we may refer to certain non-GAAP financial measures .

Speaker #4: While the company believes these non-GAAP financial measures provide useful information for investors . The presentation of this information is not intended to be considered in isolation or as a substitute for the financial information presented in accordance with GAAP .

Speaker #4: Reconciliations between GAAP and non-GAAP metrics for historical reported results can be found in our earnings releases and our trending schedules , which can be found on our website .

Speaker #4: Operator . Are there any questions in the queue ?

Speaker #3: Yes , we do have one question from Frank Lupin at Raymond James .

Speaker #5: Hello .

Speaker #6: Great . Hey . Thank you . So when when you guys are looking out at in the market , where are you seeing competition from ?

Speaker #6: You know , who's kind of reared up ? Is it more fixed wireless ? Is it is it the cable companies are fiber .

Speaker #6: I mean , how should we think about what you know , who you guys are up against ? And I'm talking more about your legacy markets versus the greenfield builds .

Speaker #6: Thanks .

Speaker #7: Well thanks , Frank . Yes . This is Teresa . And in our legacy markets , we have been since the day we first started at wow , a challenger brand .

Speaker #7: So we really challenged the cable companies Comcast and Charter are our primary competitors in our legacy markets . We certainly also have competition from fixed wireless .

Speaker #7: What we have seen , though , in this last quarter is that we've been able to have strong hsdb growth and our turn is near record lows .

Speaker #7: So we're very pleased with how we continue to compete in our markets . In Greenfield , we actually have been on a tear .

Speaker #7: We are also competing with the traditional cable companies , new fiber entrants , as well as fixed wireless . And in those markets , we've added over 15,000 homes in this last quarter , bringing our total greenfield greenfield homes to 106,000 .

Speaker #7: And the penetration keeps growing at a robust rate . We're maintaining that 16% in Greenfield , even though we're adding so many homes .

Speaker #7: Also in legacy , of course , we have long had an edge out strategy and we added another 3700 homes in our legacy markets .

Speaker #7: And the 25 vintage is already near 30% . And the former vintages also continue to perform extremely well . And that information is in our trending schedules .

Speaker #7: So it's somewhat the same mix of characters , but I think customers really resonate with our no contract , no data caps , reliable network , high speed , very best value with our simplified pricing .

Speaker #7: So that mixes continue to work for us .

Speaker #6: All right. Great. And are Charter and Comcast really leaning into their mobility product? I mean, is that their main thrust of their marketing in your territories, or is it something different?

Speaker #6: That's having them get a little bit more traction ?

Speaker #7: You probably have to ask them . So I would just say it looks like they're doing a lot of national advertising . That's consistent within our markets as well , emphasizing mobile .

Speaker #7: But we have found that the simple approach that we've had with all in pricing , with an optional price lock , has really cut through .

Speaker #7: So customers don't have to be confused by how many mobile lines versus this versus that . They have to have with . Now , with wow , you always get that same clear value at high speeds .

Speaker #7: Without having a bunch of other strings attached .

Speaker #6: Great . Okay . Thank you very much .

Speaker #8: Okay . There are no further .

Speaker #3: Questions .

Speaker #7: Perfect . Thank you so much . As always , we appreciate all of you joining our call . And as always , I would like to thank the people of Wow who continue to wow our customers every day .

Speaker #7: And provide the value to our customers . And appreciate the time on this call this morning . Thank you .