Charter Communications (CHTR) is expected to report total revenues of $11.2 billion in the first quarter—an increase of ~5.1% on a YoY (year-over-year) basis. Analysts expect the company’s sales to rise ~5.0% YoY to $45.8 billion in 2019 and ~5.6% YoY to $48.4 billion in 2020.
In the fourth quarter of 2018, Charter Communications’ revenues rose ~5.9% YoY to $11.2 billion, which was $95 million ahead of Thomson Reuters’ average consensus revenue expectation. The YoY revenue increase was driven by ongoing growth in the company’s residential and commercial segments.
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In the fourth quarter of 2018, Charter Communications’ residential services revenues rose ~3.9% YoY to $8.8 billion, while the commercial services revenues rose ~4.5% YoY to $1.6 billion. The company’s advertising revenues rose ~34.1% YoY to $562 million in the fourth quarter of 2018. Charter Communications reported mobile revenues of $89 million in the fourth quarter of 2018.