Broadband service provider Charter Communications Inc (NASDAQ: CHTR) has reported financial results for the first quarter of 2023.
- First quarter revenue increased by 3.4% year-over-year to $13.7 billion; residential revenue grew 2.5%, other revenue rose by 34.0%, and commercial revenue moved up 2.4%
- Total residential and small and medium business Internet customers increased by 76,000, taking the total to 30.5 million
- Total residential and SMB mobile lines increased by 686,000 during the quarter; Charter now serves 6.0 million mobile lines.
- Net income attributable to Charter shareholders totaled $1.0 billion in the first quarter
- First quarter adjusted EBITDA was $5.4 billion, which is up 2.6% from last year
- Net cash flows from operating activities totaled $3.3 billion in Q1, compared to $3.6 billion in the prior year