WideOpenWest, Inc.

have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, press star one again. Thank you. I will now turn the call over to Andrew Poison, vice president of investors relations. Please go ahead.

Good afternoon, everyone, and thank you for joining our first quarter of 2025 earnings call. I'm joined today by Teresa Elder, WOW's Chief Executive Officer, and John Rego, WOW's Chief Financial Officer. Before we get started, I would like to remind everyone that during our call, we will make some forward-looking statements about our expected operating results, our business strategy, and other matters relating to our business. These forward-looking statements are made in reliance on the safe harbor provisions of the federal securities laws and are subject to known and unknown risks, uncertainties, and other factors that may cause our actual operating results and 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. 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, please refer to our filings with the SEC, including the risk factors section of our Form 10-K, filed with the SEC, as well as the forward-looking statement section of our press release. In addition, please note that on today's call and in the press release we issued this afternoon, we may refer to certain non-GAAP financial measures. 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 an isolation or a substitute for the financial information presented in accordance with GAAP. Reconciliations between GAAP and non-GAAP metrics for reported results can be found in our earnings releases and our trending schedules, which can be found on our website. We have also included a presentation this afternoon to complement our prepared remarks. Now I'll turn the call over to WOW's Chief Executive Officer, Theresa Elder.

Thanks, Andrew. Welcome to WOW's first quarter earnings call. Our first quarter results reflect strong momentum in our greenfield markets, building on the success we delivered in the latter part of last year. we maintained strong penetration rates above 16%, all while growing our footprint with an additional 13,700 new Greenfield homes passed. Our all-fiber new builds in Central Florida, Hernando Beach, Florida, Brighton, Michigan, and Greenville, South Carolina have clearly demonstrated consumers' desire for exceptional, fiber to the home broadband that delivers higher speeds at lower costs with exceptional customer service. Our legacy markets continue to have low churn and high ARPU, driven by customers upgrading to high value services and continuing to migrate off of our video platform, and in many cases, subscribing to YouTube TV. Now I would like to discuss our first quarter results, which reflect continued momentum in our greenfield fiber expansion markets and strong cost management. In the first quarter, high-speed data revenue decreased 0.8% year over year to $105.4 million. Adjusted EBITDA of $76.7 million increased 13.8% year-over-year with a record adjusted EBITDA margin of 51.1%. The continued improvement in adjusted EBITDA predominantly reflects the benefits accrued from continuing to drive efficiency into our business as we migrate our customers off our video platform and further align our relationship with YouTube TV. During the first quarter, our fiber expansion made further progress as we passed an additional 13,700 homes in our greenfield markets, bringing our total number of homes passed to 75,600 in these new markets. The penetration rates in our greenfield markets remain strong at 16.3%, reflecting a strong sell-in especially in the higher speed tiers. The 2025 Edge Out vintage also passed 1,500 new homes in the first quarter, while delivering a penetration rate close to 27%. Our 2024 Edge Out vintage increased almost five percentage points to a penetration rate of 44.6%, while the 2023 vintage increased half a percent to 31.4%. With regard to our HSD subscribers, we lost a total of 4,500 during the quarter. We added 2,000 HSD subscribers in our greenfields market and 900 in our edge-out expansion market, which partially offset the drop in our legacy footprint. The steps we introduced last year such as complimentary speed upgrades and our simplified pricing plans, which have an optional price lock, modem included, no data caps, and no contracts, are a continuing benefit to our business, especially in our expansion markets. The charts on the bottom half of the slide highlight a shift that reflects the growing success of our fiber expansion strategy. as well as the impact of our initiatives to strengthen our legacy footprint. ARPU was a record high, increasing 3.7% year over year to $75. Overall, we continue to see the success of our simplified pricing strategy, which is showing particular strength in our greenfield market. As expected, our traditional video business declined further during the quarter and has now dropped to 48.9 thousand subscribers, a 38% decrease from the same period last year. We anticipate this trend will continue as we transition to YouTube TV, which grew significantly this past year. To conclude, before handing the call to John, I would like to emphasize how our results this quarter reflect momentum in our greenfield areas as we continue to focus on our fiber to the home expansion initiative while maintaining our cost discipline, which resulted in another quarter of adjusted EBITDA growth with record adjusted EBITDA margins and record ARPU. I will now turn the call over to John, who will give our financial results in more detail.