Today we learned that Spectrum has once again lost 144,000 TV customers in the 4th quarter of 2022. Spectrum also reported that they lost over 233,000 voice customers.
The rate of cord cutting is once again speeding up in 2022, as in 2021 Spectrum only lost 58,000 TV customers during the same time.
Spectrum did add 615,000 wireless customers in the 4th quarter of 2022.
“We continued to execute well in 2022, growing customer relationships, revenue and EBITDA,” said Chris Winfrey, President and CEO of Charter. “In 2023 and the coming years, we remain focused on three core initiatives — network evolution, footprint expansion and operational execution. Each of these initiatives will deliver benefits for a growing base of customers, our employees and local communities, with long-term value creation for our shareholders.”