Charter Q3 2023 Earnings Report
Key Takeaways
Charter Communications reported a slight increase in revenue, driven by growth in residential internet and mobile services, but faced challenges with declines in video and advertising revenue. The company continues to invest in network evolution and expansion, impacting free cash flow.
Residential and SMB internet customers increased by 63,000.
Residential and SMB mobile lines increased by 594,000.
Total revenue grew by 0.2% year-over-year to $13.6 billion.
Net income attributable to Charter shareholders totaled $1.3 billion.
Charter
Charter
Charter Revenue by Segment
Forward Guidance
Charter expects full year 2023 capital expenditures, excluding line extensions, to total approximately $7.2 billion. Charter continues to expect 2023 line extensions capital expenditures to total approximately $4 billion.
Positive Outlook
- Acceleration of network evolution spend.
- Higher Xumo-related CPE spend.
Revenue & Expenses
Visualization of income flow from segment revenue to net income