WideOpenWest (NYSE: WOW) reported Q1 EPS of $0.18, $0.02 better than the analyst estimate of $0.16. Revenue for the quarter came in at $287.2 million versus the consensus estimate of $288.23 million.

• Total Revenue of $287.2 million; Net Income of $8.2 million; Diluted Earnings Per Share of $0.10
• Total Revenue was up $1.7 million, or 0.6%, compared to the three months ended March 31, 2018
• Adjusted EBITDA of $103.1 million, representing an increase of 7.1% over the first quarter of 2018
• Adjusted Diluted Earnings Per Share of $0.18
• Adjusted EBITDA margin of 35.9% represents expansion of more than 200 basis points over the first quarter of 2018
• First quarter subscriber churn was the best subscriber churn for any quarter in at least two years
• HSD RGU net additions totaled 6,300 in the first quarter, bringing total HSD RGUs up to 765,900, a 3.0% increase in total HSD RGUs compared to the prior-year period
• Organic HSD RGU net additions, which exclude net additions from Edge-Outs, totaled 5,100, representing the fifth consecutive quarter of positive Organic HSD RGU net additions
• As of March 31, 2019, total subscribers increased by 14,000, or 1.8%, over the March 31, 2018, subscriber count, which represents the best annual growth in subscribers in at least four years
• WOW! was selected as the preferred service provider for Clift Farm, northern Alabama’s new urban community in Madison, Alabama

“We are proud to share that WOW!’s results for the first quarter continued to reflect the benefits of the investments we made in 2018,” said Teresa Elder, chief executive officer of WOW! “We are executing precisely on our transformation plan, which has resulted in ongoing churn improvement, our fifth consecutive quarter of organic HSD RGU growth, and an inflection to positive growth in Total Revenues for the first quarter of 2019.”

“Adjusted EBITDA for the first quarter of 2019 totaled $103.1 million, representing 7.1% growth on a year-over-year basis,” said Rich Fish, chief financial officer of WOW! “As we previously indicated, we expect Adjusted EBITDA to grow over the prior period throughout the year, and we’re off to a strong start.”

For earnings history and earnings-related data on WideOpenWest (WOW) click here.