WideOpenWest (WOW!) operates in 14 service areas in Alabama, Florida, Georgia, Michigan, South Carolina, and Tennessee. In these markets, the company passes 1.9 million homes and businesses.
Of these passings, the company has 532k total subscribers and 506k high-speed data (HSD) customers. In turn, this implies that WideOpenWest has a penetration rate of 29% in these markets.
For the trailing 12-month period ended March 31, 2021, WideOpenWest would have generated total revenue of $731m and adjusted EBITDA of $288m. Therefore, the company’s adjusted EBITDA margin equates to 39%.
