Advertising revenue, which benefited from political spending in the comparable quarter of 2020, fell sharply.
, in which John Malone’s Liberty Broadband owns a big stake, lost more pay TV subscribers in the fourth quarter than in the year-ago period, while its broadband user growth slowed.
The cable giant’s broadband Internet business was once again a growth area, recording 190,000 subscriber net additions, even but that was down from 246,000 in the comparable quarter of 2020. Cable operators’ stocks have been hit hard in recent months amid slower broadband user growth. As of the end of 2021, Charter had nearly 30.09 million total broadband customers.
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