Andrew. Welcome Quarter WOW!'s Earnings Call. to Third Thanks,
with track that business. as making a quarter we this transitions X are the results Our
to market involves second, a to our low-margin expansions; growth the first business which the video First, service. transitioning of phase and broadband new transition high-margin the streaming of next
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than fourth the fourth third we that is quarter. significantly be expectation Our for Therefore, the removing are worse the quarter. will quarter our outlook
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YouTube into on year-over-year. X.X%, increased revenue business quarter than service, our X% which which Adjusted TV. would which EBITDA, XX%, focus video of making significant and and results margin grew Now markets maintaining our third more expanding included high-speed I progress all to while adjusted EBITDA an record on new about our talk like to migrating data
Florida. opportunity X and new County, in XX,XXX XX,XXX new in markets, including Minnesota announced During to the homes XX,XXX the third Hernando Michigan, pass homes new we quarter, in
in follow already into XXXX. have late construction and back We begun XXXX and year, Hernando of customers to initial County the online Michigan next half coming mid to in Minnesota expect with and in
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at for our are up beginning this as from August. TV new partnership of subscribers XX% YouTube initial with of primary offering returns positive more YouTube The than the TV. launched We signing very video with
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to addition and efficiently X.X DOCSIS reclamation In the growing transition bandwidth demand for our accelerate to network our for overbuild we without be customers, WOW! of allows our own benefits having serve legacy their This customer used the will to able video service. to network. usage the previously for to
to with what really mix want to for at channels our of giving TV even a better low-margin customers. What an cable operators a and much they transition is away customers is more to from among are price. greater allows higher-cost us unique we video YouTube of higher-margin doing service
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predominantly to speeds. rate subscribe to Over the lower-tier year, increases, course who led introduced the churn of subscribers which for those higher-than-anticipated we
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expectations third to in quarter Another greenfield for the our figure reduced been the of factor contributing pace the market. fourth has and lower with quarter construction
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video traditional further YouTube business transition the quarter, continue which as As to during expected, our them we will declined TV.
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markets to customers will in We fourth upgrade in greenfield existing quarter of the the addition customers as ARPU expect Edge-Out. further higher new new high-speed and increase and from data speed fiber
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forecast, overall our it's However, had with internally negatively that is said, less growth. impacting which HSD we than
are latest utilizing the DAA the technology, either services for our framework fiber-to-the-home or X.X with our multi-gig and in which Edge-Outs high-split The are mid-split, XXXX greenfield DOCSIS with symmetrical architecture fiber-to-the-home built and capability lays homes for markets. those HFC,
is strength absolutely are technologies to The that these of seeing rates penetration these strong in we contributing Edge-Outs. the
to the shows slide on we of continue strong all the that side our penetration chart vintages. across have of right-hand The
new our Edge-Out to markets. XX%.
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remain drive handing the business to and the before our I call growth conclude, that reiterate continue forward themes engine. To our key to John, to want
a homes market new Our as announce now markets. expansion stronger are new at pace greenfield moving initiatives add and we
XXX high-speed half last our existing from are customer new customers. pleased YouTube in period last speeds our XX% fantastic interest the new year customers than subscriptions YouTube buying more increased same record TV We're above approximately X% than revenue, and data which more from seeing are with with We half and of customers from the meg. of
and All of HSD ARPU into translating growth. this adjusted EBITDA is record
pace and expansion want the homes our to and are while initiatives, to that improvements also our acknowledge legacy emphasize The behind in we continues important results. our show what internally being strong expansion on in business, new while from not initiatives. distracted we have is executing up picking I the forecast, passed challenges legacy of footprint
will the Now to more over I'll over call John, in financials our who go detail. turn
