Charter Announces Fourth Quarter and Full Year 2022 Results

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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.

 

 

 


Charter Announces Fourth Quarter and Full Year 2022 Results