Charter Communications Inc. reported fourth-quarter FY21 revenue growth of 4.7 percent year-on-year, to $13.21 billion, missing the consensus of $13.25 billion. Revenue growth of 5.1 percent in Residential, 47.5 percent in Mobile, and 4.8 percent in Commercial drove the top-line performance. Charter added 172,000 residential Internet customers during Q4, compared to 216,000 last year. Residential video customers decreased by 71,000 in Q4 versus a decrease of 66,000 in the prior year. Margin Adjusted EBITDA margin expanded 110 basis points to 40.7 percent. Operating expenses rose 2.7 percent Y/Y. EPS of $8.93 beat the consensus of $6.96. As of December 31, Charter served 30.1 million residential and SMB Internet customers. Net cash flow from operating activities totaled $4.2 billion. The company held $601 million in cash and equivalents. “We continued to execute well in 2021, with solid customer growth and strong financial growth. We added over 1.2 million Internet customers, and we …
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