After falling about 12% in the opening minutes, the stock drifted steadily lower as negative sentiment intensified.

Total revenue was flat at $13.7 billion, matching Street estimates.

Broadband has been seen as a bulwark for longtime cable providers battling through a period of widespread cord-cutting.

Charter

Charter CommunicationsYvonne Hemsey/Getty Images

He characterized the issues in the quarter as temporary challenges.

Charter ended the year with 13.5 million residential video customers.

Video revenue, accordingly, fell 8% in the quarter.

Apple earnings

There was minimal talk of the Disney fight during the earnings call.

Winfrey highlighted the launch of Xumo, a joint venture with Comcast, during the fourth quarter.

Xumo aims to present a streamlined interface for streaming customers.