Is revenue from subscription renewals included on the Proceeds section of the App Store Connect Sales & Trends page?

I'm noticing that the number shown on the Apple

App Store Connect -> Sales and Trends

page in the Proceeds section for the month of January is significantly smaller (10-20%) than the number shown in

Payments and Financial Reports

for January. The only thing I can think of is that revenue from subscription renewals is not included when looking at the Proceeds section.

Does anyone know if this is true? Or is there another explanation?