Revenue growth of 5.1 percent in Residential, 47.5 percent in Mobile, and 4.8 percent in Commercial drove the top-line performance.
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 grew full-year revenue and EBITDA by 7.5 percent and 11.4 percent, respectively,” said Tom Rutledge, Chairman & CEO. “In 2022, we remain focused on driving additional customer growth by offering better services while saving customers money on their total communications spend, driving EBITDA growth, free cash flow growth, and shareholder value.”