Durham, NH — August 11, 2022 — Leichtman Research Group, Inc. (LRG) 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 670,000 net additional broadband Internet subscribers in 2Q 2022, compared to a pro forma gain of about 1,000,000 subscribers in 2Q 2021.
These top broadband providers account for about 110 million subscribers, with top cable companies having about 75.6 million broadband subscribers, top wireline phone companies having about 32.2 million subscribers, and top fixed wireless services having about 2.2 million subscribers.
Findings for the quarter include:
- Overall, broadband additions in 2Q 2022 were 67% of those in 2Q 2021
- The top cable companies lost about 60,000 subscribers in 2Q 2022 – compared to about 840,000 net adds in 2Q 2021
- The top wireline phone companies lost about 85,000 total broadband subscribers in 2Q 2022 – compared to about 50,000 net adds in 2Q 2021
- Wireline Telcos had about 490,000 net adds via fiber in 2Q 2022, and about 575,000 non-fiber net losses
- Fixed wireless/5G home Internet services from T-Mobile and Verizon added about 815,000 subscribers in 2Q 2022 – compared to about 120,000 net adds in 2Q 2021
“Top broadband providers added about 670,000 subscribers in 2Q 2022, reflecting over 800,000 net adds for fixed wireless services, along with modest net losses for cable and wireline phone providers,” said Bruce Leichtman, president and principal analyst for Leichtman Research Group, Inc. “Over the past year, there were about 3,260,000 net broadband adds, with fixed wireless services accounting for 56% of them.”
|Broadband Providers||Subscribers at end of 2Q 2022||Net Adds in 2Q 2022|
|Total Top Cable||75,554,519||(60,289)|
|Wireline Phone Companies|
|Total Top Wireline Phone||32,185,513||(84,837)|
|Fixed Wireless Services|
|Total Top Fixed Wireless||2,244,000||816,000|
|Total Top Broadband||109,984,032||670,874|
* LRG estimate
** Includes LRG estimate of pro forma net adds
^ TDS now only reports residential subscribers, includes 296,800 wireline subscribers and 204,000 cable subscribers
Company subscriber counts may not solely represent residential households – about 6% of the total are non-residential
Top broadband providers represent approximately 96% of all subscribers
Net additions reflect pro forma results from system sales and acquisitions, reporting adjustments, and the addition of new providers to the list – therefore, comparing totals in this release to prior releases will not produce accurate findings
About Leichtman Research Group, Inc.
Leichtman Research Group, Inc. (LRG) specializes in research and analysis on broadband, media and entertainment industries. LRG combines ongoing consumer surveys with industry tracking and analysis, to provide companies with a richer understanding of current market conditions, and the potential impact and adoption of new products and services. For more information about LRG, please call (603) 397-5400 or visit www.LeichtmanResearch.com.
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