Report: Pay-TV Operators Added 1 Million Broadband Subs in Q1, Down From Last Year

As pay-TV operators continue to hemorrhage video subscribers, the offsetting silver lining continues to be high-speed internet service.

New data from 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 1.065 million net additional broadband internet subs in 1Q 2022, compared with a pro forma gain of about 1.12 million subs in 1Q 2021.

These broadband providers account for about 109.3 million subs, with top cable companies having about 75.6 million broadband subs, top wireline phone companies having about 32.3 million subs, and top fixed wireless services having about 1.4 million subs.

Overall, Leichtman said broadband additions in Q1 were 95% of those in the previous-year period. The top cable companies added about 480,000 subs in the quarter — 52% of the net additions for the top cable companies last year. The top wireline phone companies added about 50,000 total broadband subs — compared with about 80,000 net adds in last year.

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Meanwhile, telecoms offering broadband realized about 480,000 net adds via fiber, and about 430,000 non-fiber net losses. Fixed wireless/5G home internet services from T-Mobile and Verizon added about 530,000 subs in the quarter — compared with 110,000 net adds a year earlier.

“The distribution of net broadband additions differed from a year ago,” analyst Bruce Leichtman said in a statement. “Fixed wireless services accounted for half of the net broadband adds in the quarter, compared to about 10% of the net adds [last year].””

Broadband Providers Subscribers at end of Q1 2022 Net Adds in Q1 2022
Cable Companies    
Comcast 32.163 million 262,000
Charter 30.274 million 185,000
Cox 5.560 million 30,000
Altice 4.373 million (13,000)
Mediacom 1.468 million 5,000
Cable One 1.057 million 11,000
Breezeline 719,608 2,830
Total Top Cable 75.614 million 482,830
Wireline Phone Companies    
AT&T 15.533 million 29,000
Verizon 7.400 million 35,000
Lumen 4.470 million (49,000)
Frontier 2.819 million 20,000
Windstream 1.176 million 11,300
TDS^ 495,200 4,900
Consolidated 380,150 (850)
Total Top Wireline Phone 32.273 million 50,350
Fixed Wireless Services    
T-Mobile 984,000 338,000
Verizon 433,000 194,000
Total Top Fixed Wireless 1.417 million 532,000
Total Top Broadband 109.305 million 1.065 million

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