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(NewsNation) — The horse was finally put out of its misery, but shed no tears for the cancellation of “And Just Like That” — instead, Warner Bros. shareholders may want to ask why it hobbled along at such great expense for so long.

The real reason HBO’s flailing show was canceled wasn’t because it went “woke” and political issues forced the show off the air … but because no one was watching. 

My insiders say it’s more shocking that it got renewed at all.

‘And Just Like That’s’ low ratings

The first season of the “Sex and the City” spin-off got a meager 1.1 million viewers… and the following seasons were even worse. Season two debuted at 463,000, and this latest effort had just 429,000. 

“It’s a horrifically expensive show to make and it wasn’t justified,” my insider said. “But HBO signed a multiyear contract with (executive producer) Michael Patrick King and Sarah Jessica Parker so… there you go.”

Parker, Kristin Davis and Cynthia Nixon all made $10 million per season, and the rest of production likely tripled the $30 million the stars were making — so the show would have been at least a whopping $90 million to make … numbers that aren’t justifiable in this environment and with the low viewership.

Sarah Jessica Parker and the showrunner say they called it off

Hilariously, King released a statement late last week, making it sound as if he and Parker were the ones who decided to let the beleaguered show die.

In a statement on Instagram, King wrote: “And just like that… the ongoing storytelling of the Sex and the City universe is coming to an end. While I was writing the last episode of And Just Like That… season 3, it became clear to me that this might be a wonderful place to stop. Along with Sarah Jessica Parker, Casey Bloys and Sarah Aubrey, we decided to end the popular series this year with a two-part finale and extended the original series order from 10 episodes to 12. SJP and I held off announcing the news until now because we didn’t want the word ‘final’ to overshadow the fun of watching the season. It’s with great gratitude we thank all the viewers who have let these characters into their homes and their hearts over these many years.”

However, the show is nowhere near as successful as HBO’s “The White Lotus” (11.6 million viewers), “The Penguin” (7.6 million viewers) or even the first season of “Sex and the City” (2.5 million), which eventually brought in over 10 million viewers.

‘And Just Like That’ had ‘woke’ storylines and no Samantha

”And Just Like That” was plagued with plodding and woke storylines and the loss of Kim Cattrall, who played Samantha, and refused to be a part of the show.

Cattrall felt bullied and demeaned by Parker, Cynthia Nixon and Kristin Davis during “Sex and the City”, and while she did film one scene for the second season of “AJLT”, she refused to be on set or see with any of her former co-stars, demanded a seven figure check (she got it) and made sure her old friend and former “SATC” stylist Patricia Fields handled her clothing choices. 

“Her cameo was the only interesting thing about the second season,” my insider sniped.

” The big question now is what will Sarah Jessica do? She hasn’t had any real success since ‘Sex’.

”According to IMDB, Parker has one movie in the works: “Hocus Pocus 3”