Q3 broadband adds 149% of year-ago quarter
According to the Leichtman Research Group, the largest cable and telephone providers in the United States - representing about 95% of the ...
According to the Leichtman Research Group, the largest cable and telephone providers in the United States - representing about 95% of the market - acquired about 580,000 net additional broadband Internet subscribers in the third quarter of 2018, compared to a pro forma gain of about 390,000 subscribers in 3Q 2017.
The top broadband providers now account for 97.7 million subscribers, with top cable companies having 63.6 million broadband subscribers and top telcos having 34.1 million.
Among the findings:
- Overall, broadband additions in 3Q 2018 were 149% of those in 3Q 2017.
- The top cable companies added about 730,000 subscribers in 3Q 2018, compared to about 540,000 net adds in 3Q 2017. Comcast added 363,000 broadband subscribers in 3Q 2018, the most net adds in a third quarter for Comcast since 2008.
- The top telcos lost about 150,000 subscribers in 3Q 2018, compared to a net loss of about 155,000 subscribers in 3Q 2017. Telcos have had net broadband losses in each of the past 10 quarters.
- In the first three quarters of 2018, cable companies added about 2,165,000 broadband subscribers, while telcos lost about 325,000 subscribers.
"The broadband industry added about 150% as many subscribers in 3Q 2018 as in last year's third quarter," said Bruce Leichtman, president and principal analyst for LRG. "This quarter marked the first year-to-year quarterly broadband subscriber increases in a third quarter since 3Q 2014."