Charter Q1 2023 Earnings Report
Key Takeaways
Charter Communications reported a 3.4% year-over-year increase in revenue, reaching $13.7 billion in Q1 2023. The company saw growth in residential and SMB Internet customers and mobile lines. Net income attributable to Charter shareholders totaled $1.0 billion.
Total residential and SMB Internet customers increased by 76,000 in Q1 2023.
Total residential and SMB mobile lines increased by 686,000 in Q1 2023.
Q1 revenue grew by 3.4% year-over-year, driven by residential, other, and commercial revenue growth.
Net income attributable to Charter shareholders totaled $1.0 billion in Q1.
Charter
Charter
Charter Revenue by Segment
Forward Guidance
Charter expects full year 2023 capital expenditures, excluding line extensions, to be between $6.5 billion and $6.8 billion. Charter expects 2023 line extensions capital expenditures to be approximately $4 billion.
Revenue & Expenses
Visualization of income flow from segment revenue to net income