Charter’s recent revenues
In the previous part of this series, we learned that Charter Communications’s (CHTR) earnings increased YoY (year-over-year) during 4Q16. In this part, let’s look at CHTR’s performance in terms of its top line for the last few quarters.
Charter Communications’s revenues increased ~7.2% YoY to reach $10.3 billion in 4Q16. This increase was driven by strong growth in its Internet, Commercial, and Video segments as it integrates the Time Warner Cable and Bright House Networks acquisitions.
Charter’s revenue components in 4Q16
Charter Communications’s Internet component drove revenue growth for its residential services in 4Q16. Residential revenues increased ~6.0% YoY to reach ~$8.1 billion in the quarter. The company saw solid revenues for the Residential Internet component, which increased ~13.3% YoY to reach ~$3.3 billion.
CHTR’s Commercial component also drove the company’s overall revenue growth in 4Q16. This revenue stream rose ~11.8% YoY to ~$1.4 billion during the quarter. Small and medium businesses contributed to this growth, as did enterprise revenues.
Charter Communications’s top-line growth should depend on its ability to steal market share from cable companies such as Comcast (CMCSA) and Dish Network (DISH). In comparison, Comcast’s revenues rose ~8.3% YoY to reach $21.0 billion in 4Q16.
Dish Network’s revenues fell ~1.6% YoY to reach ~$3.7 billion in 4Q16. However, Verizon’s (VZ) Wireline segment’s revenues fell ~3.1% YoY to reach $7.8 billion in 4Q16.
Continue to the next part for a discussion of Charter Communications’s EBITDA[1. earnings before interest, tax, depreciation, and amortization] margin.