Study Reports about 840,000 Added Broadband in 2Q 2023

Durham, NH – Leichtman Research Group, Inc. (LRG) found that the largest cable and wireline phone providers and fixed wireless services in the U.S. – representing about 96% of the market – acquired about 840,000 net additional broadband internet subscribers in 2Q 2023, compared to a pro forma gain of about 700,000 subscribers in 2Q 2022.  

These top broadband providers now account for more than 112.9 million subscribers, with top cable companies having about 76.2 million broadband subscribers, top wireline phone companies having about 30.7 million subscribers, and top fixed wireless services having about 5.9 million subscribers.

Findings for the quarter include the following:

• Overall, broadband additions in 2Q 2023 were 120% of those in 2Q 2022
• The top cable companies added about 10,000 subscribers in 2Q 2023, compared to a loss of about 60,000 in 2Q 2022
• The top wireline phone companies lost about 60,000 total broadband subscribers in 2Q 2023, similar to about 60,000 net losses in 2Q 2022
• Wireline Telcos had about 450,000 net adds via fiber in 2Q 2023, and about 510,000 non-fiber net losses
• Fixed wireless/5G home internet services from T-Mobile and Verizon added about 890,000 subscribers in 2Q 2023, compared to 815,000 net adds in 2Q 2022

“Top broadband providers added about 840,000 subscribers in 2Q 2023, led by another strong quarter from fixed wireless,” said Bruce Leichtman, president and principal analyst for Leichtman Research Group, Inc. “Fixed wireless services have acquired over 800,000 net adds in each of the past five quarters, accounting for about 4.45 million net adds in that period.”

LRG specializes in research and analysis of broadband, media, and entertainment industries. The company combines ongoing consumer surveys with industry tracking and analysis to provide companies with a richer understanding of current market conditions and the potential impact and adoption of new products and services.