WideOpenWest reported a net loss of $35.7 million for the quarter ended September 30, 2025, a widening from the $22.4 million loss recorded in Q3 2024. Total revenue reached $144.0 million, beating the consensus estimate of $142.94 million by $1.06 million, or roughly 0.7 %. The revenue increase was driven by a $4.9 million lift in average revenue per unit, partially offset by a $10.6 million shift in service mix and a $7.3 million drop in volume across all services.
Adjusted EBITDA fell to $68.8 million, a decline from $77.3 million in Q3 2024, and the margin slipped to 47.8 % from 48.9 %. The compression reflects sustained cost pressures in legacy video and telephony segments, where higher operating costs and declining subscriber volumes erode profitability. The company’s focus on high‑margin high‑speed data services has not yet fully compensated for the legacy cost base.
Subscriber metrics highlight a mixed picture. Total subscribers dropped 5 % year‑over‑year to 464,500, with high‑speed data RGUs falling 5 % to 457,100. Despite the decline, the company added 15,500 new homes in greenfield markets and 2,500 new fiber subscribers, bringing greenfield penetration to 16.0 % across 106,600 homes. Capital expenditures of $52.5 million were directed toward fiber expansion and network upgrades, underscoring the company’s long‑term growth strategy.
The earnings release coincided with the announcement that WideOpenWest will be acquired by DigitalBridge Investments and Crestview Partners for $5.20 per share in an all‑cash transaction. Management’s commentary was restrained, with VP Investor Relations noting that the pending transaction limits the scope of financial discussion. The acquisition has become the dominant driver of market sentiment, as investors focus on the implications of the deal rather than the quarterly performance.
Looking forward, the company has not issued new guidance due to the pending acquisition. Analysts note that the revenue beat and modest margin decline suggest that the company’s high‑speed data strategy is gaining traction, but the widening loss and legacy cost pressures signal that operational efficiencies will be critical under new ownership. The company’s continued investment in greenfield markets positions it to capture new customers, while the acquisition may provide the capital and strategic focus needed to accelerate profitability.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.