About 960,000 Added Broadband in the First Quarter of 2023, According to Leichtman Research

Leichtman Research Group found that the largest cable and wireline phone providers and fixed wireless services in the US – representing about 96% of the market – acquired about 960,000 net additional broadband Internet subscribers in the first quarter (1Q) of 2023, compared to a pro forma gain of about 1,085,000 subscribers in 1Q 2022. These top broadband providers now account for over 112 million subscribers, with top cable companies having about 76.2 million broadband subscribers, top wireline phone companies having about 30.8 million subscribers, and top fixed wireless services having about 5 million subscribers. Overall, broadband additions in 1Q 2023 were 89% of those in 1Q 2022. The top cable companies added about 65,000 subscribers in 1Q 2023 – compared to about 485,000 net adds in 1Q 2022. The top wireline phone companies lost about 20,000 total broadband subscribers in 1Q 2023 – compared to about 65,000 net adds in 1Q 2022. Fixed wireless/5G home Internet services from T-Mobile and Verizon added about 915,000 subscribers in 1Q 2023 – compared to 530,000 net adds in 1Q 2022.