Name: Charter Communications Inc. (NASDAQ:CHTR) | Analysis of Revenues
Creator: Stock Analysis on Net

Analysis of Revenues

Revenues as Reported

Revenues as Reported

Charter Communications Inc., income statement, revenues

US$ in millions

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Internet	23,032)	22,222)	21,094)	18,521)	16,667)
Video	16,351)	17,460)	17,630)	17,432)	17,607)
Voice	1,510)	1,559)	1,598)	1,806)	1,920)
Mobile service	2,243)	1,698)	1,239)	—)	—)
Residential revenue	43,136)	42,939)	41,561)	37,759)	36,194)
Small and medium business	4,353)	4,350)	4,198)	3,964)	3,868)
Enterprise	2,770)	2,677)	2,573)	2,468)	2,556)
Commercial revenue	7,123)	7,027)	6,771)	6,432)	6,424)
Advertising sales	1,551)	1,882)	1,594)	1,699)	1,568)
Other	2,797)	2,174)	1,756)	2,207)	1,578)
Revenues	54,607)	54,022)	51,682)	48,097)	45,764)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Internet Revenue: The Internet segment shows a consistent upward trend over the five-year period. Starting at 16,667 million USD in 2019, it steadily increases each year, reaching 23,032 million USD in 2023. This represents significant growth, with the segment nearly increasing by 38% over the period, indicating strong performance and rising demand.
Video Revenue: The Video segment exhibits a declining trend. Revenue started at 17,607 million USD in 2019 and fluctuated slightly in the following years but generally trended downward to 16,351 million USD in 2023. This reflects a decrease of approximately 7%, indicating possible challenges or shifts in consumer preferences affecting this segment.
Voice Revenue: The Voice segment demonstrates a clear downward trajectory, with revenues dropping from 1,920 million USD in 2019 to 1,510 million USD in 2023. This decline of over 21% suggests diminishing demand or competitive pressures impacting traditional voice services.
Mobile Service Revenue: Mobile service revenues appear only starting in 2021, with 1,239 million USD and show rapid growth through 2023, reaching 2,243 million USD. This reflects a strong emerging growth area within the company's revenue streams, indicating successful penetration and expansion in mobile offerings.
Residential Revenue: Residential revenue trends positively, rising from 36,194 million USD in 2019 to 43,136 million USD in 2023. This steady increase represents a rise of nearly 19%, highlighting the importance of residential services in overall revenue growth.
Small and Medium Business Revenue: The revenue from the small and medium business segment shows modest growth, increasing from 3,868 million USD in 2019 to 4,353 million USD in 2023. The incremental growth suggests stable demand within this sector.
Enterprise Revenue: Enterprise revenues exhibit a gradual increase from 2,556 million USD in 2019 to 2,770 million USD in 2023. Growth is steady though relatively modest, showing consistent performance in this sector.
Commercial Revenue: Commercial revenue, which likely aggregates small and medium business and enterprise segments, follows the combined trend upward, starting at 6,424 million USD in 2019 and reaching 7,123 million USD in 2023. The steady growth suggests stability and moderate expansion in commercial offerings.
Advertising Sales: Advertising sales fluctuate over the period. Starting at 1,568 million USD in 2019, the revenue increased to a peak of 1,882 million USD in 2022 before dropping to 1,551 million USD in 2023. This volatility indicates a segment influenced by market conditions or cyclical factors.
Other Revenue: Other revenue shows a generally increasing trend, rising from 1,578 million USD in 2019 to 2,797 million USD in 2023. The substantial growth in this category suggests diversification and expansion into additional revenue sources.
Total Revenues: Total revenues increase consistently from 45,764 million USD in 2019 to 54,607 million USD in 2023, representing an overall growth of approximately 19%. This steady increase underscores positive overall revenue performance, driven primarily by Internet, residential, mobile service, and other revenues despite declines in video and voice segments.

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