From AT&T to Shentel: Tracking broadband earnings in Q4 2023

Jan. 22, 2024
Check out how the key broadband players performed in the fourth quarter of 2023.

How did the broadband industry perform in the final quarter of 2023?

The fourth-quarter 2023 earnings reporting season has begun, and Broadband Technology Report is tracking how key players in the optical networking industry performed. Please check here for updates on providers, vendors and integrators in this segment. 

Also, check out how Lightwave tracks the fourth-quarter results of the major players in the optical networking industry.

Jan. 23

Verizon
www.verizon.com
Verizon reported a combined FWA and Fios growth of 413,000 subscribers in the fourth quarter, increasing the size of its broadband base to over 3 million customers.
-see BTR's coverage
-see Lightwave’s coverage 

Jan. 24

AT&T
www.att.com
AT&T has doubled its fiber revenues to over $6.2 billion in 2023. The telco also increased broadband ARPU by 20% to $68.50 as customers seek higher-value plans with faster speeds.
-see Lightwave's coverage
-see BTR's coverage 

Jan. 25

Comcast
www.comcast.com
Comcast’s broadband market dominance slipped in the fourth quarter as the provider shed more domestic broadband subscribers, but it maintains ongoing network upgrades to support multi-gigabit speeds.
-here’s BTR’s coverage

-here's Lightwave's Comcast Business coverage

Jan. 29

Harmonic
www.harmonicinc.com
Harmonic reported that fourth-quarter earnings were $167.1 million, up from $164.3 million in the same period a year ago, reflecting the gains it made in its broadband segment. 
-see BTR’s coverage

Jan. 30

Calix
www.calix.com
Calix reports customers are contemplating or applying for BEAD funding, but stagnant inventory led to a GAAP gross margin net loss.
-see BTR's coverage

Corning
www.corning.com
Corning reported that fourth-quarter Optical Communications sales were $903 million, down 2% sequentially, which the company said reflects temporarily lower demand from carrier customers as they continue to draw down inventory.
-see Lightwave's coverage 

Feb. 1 

Clearfield
www.seeclearfield.com
Clearfield reported that total sales for the first quarter of fiscal 2024 dipped 60.2% to $34.2 million from $85.9 million in the same year-ago quarter.

-see BTR's coverage  

Feb. 2

Charter
www.spectrum.com
The company expects growth in 2024 and notes that its Spectrum One product continues to perform well.
-see BTR's coverage
-see Lightwave’s coverage

Feb. 6

Lumen
www.lumen.com
Lumen reports that, throughout 2023, it grew its fiber network by more than 500,000 locations and obtained a Q4 Net Promoter Score of 64% for the company’s Quantum Fiber service.
-here’s BTR’s coverage 
-see Lightwave's coverage

Feb. 14

Altice USA
www.alticeusa.com

Vecima Networks
www.
vecima.com

Feb. 16

TDS
www.tdsinc.com

Feb. 21 

Shentel 
www.shentel.com

Feb. 22 

Cable One 
www.www.cableone.biz

Feb. 23

Frontier
www.frontier.com

Feb. 26

Adtran
www.adtran.com

TBA
DZS