Charter Communications reported Q4 2023 revenue of $13.7 billion, up by 0.3% year-over-year, driven by residential Internet revenue growth of 3.0%, residential mobile service revenue growth of 35.7% and other revenue growth of 24.4%, primarily driven by higher mobile device sales. Net income attributable to Charter shareholders totaled $1.1 billion in the fourth quarter. For the year ended December 31, 2023, net income attributable to Charter shareholders totaled $4.6 billion.
Some highlights
- Fourth quarter total residential and small and medium business (“SMB”) Internet customers decreased by 61,000.
- As of December 31, 2023, Charter served a total of 30.6 million residential and SMB Internet customers, with 155,000 total Internet customers added in 2023. Fourth quarter total residential and SMB mobile lines increased by 546,000.
- As of December 31, 2023, Charter served a total of 7.8 million mobile lines, with 2.5 million mobile lines added in 2023.
- For the year ended December 31, 2023, capital expenditures totaled $11.1 billion and included $4.0 billion of line extensions.
“Our rural footprint expansion is exceeding our deployment and penetration targets,” said Chris Winfrey, President and CEO of Charter. “Our network evolution and convergence efforts remain on course. And we are beginning to see the benefits of investments in our employees and digital service to improve the customer experience. We are executing on a clear strategy to ensure we offer consumers the best products and services, all while saving them money. Not only now, but in the future.”
