Charter Announces Fourth Quarter and Full Year 2022 Results

Charter Communications reported financial and operating results for the three and twelve months that ended December 31, 2022. Charter's broadband highlights are as follows:

• Fourth quarter total residential and small and medium business ("SMB") Internet customers increased by 105,000. As of December 31, 2022, Charter served a total of 30.4 million residential and SMB Internet customers, with 344,000 total Internet customers added in 2022;
• Fourth quarter total residential and small and medium business ("SMB") Internet customers increased by 105,000. As of December 31, 2022, Charter served a total of 30.4 million residential and SMB Internet customers, with 344,000 total Internet customers added in 2022;
• Full year 2022 free cash flow of $6.1 billion decreased from $8.7 billion in the prior year, due to capital expenditures associated with Charter's rural construction initiative and higher cash taxes;
• Internet revenue grew by 3.9% year-over-year to $5.6 billion, driven by growth in Internet customers during the last year, promotional rate step-ups, reduced bundled discounts and rate adjustments, partly offset by lower bundled revenue allocation;
•  Based on Ookla's Speedtest Global Index median fixed download speeds for Q4 2022, which indicates that Spectrum Internet continues to deliver faster speeds than its competitors;
• Fastest Overall Speed claim based on Global Wireless Solutions' combined cellular and Wi-Fi speed test results in Spectrum service area where Wi-Fi is available. Cellular speeds vary by location.