Broadband Providers Added About 950,000 Subscribers in Q3 2023

Leichtman Research Group 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 950,000 net additional broadband Internet subscribers in 3Q 2023, compared to a pro forma gain of about 865,000 subscribers in 3Q 2022. These top broadband providers now account for 113.9 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 6.9 million subscribers. 

Other findings include:

• Overall, broadband additions in 3Q 2023 were 110% of those in 3Q 2022
• The top cable companies added about 5,000 subscribers in 3Q 2023—compared to a gain of about 45,000 in 3Q 2022
• The top wireline phone companies lost about 5,000 total broadband subscribers in 3Q 2023—compared to about 100,000 net losses in 3Q 2022
• Fixed wireless/5G home Internet services from T-Mobile and Verizon added about 940,000 subscribers in 3Q 2023—compared to 920,000 net adds in 3Q 2022