Charter Led Q1 Broadband Subscriber Net Adds as Category Climbs, Says LRG

While pay-TV subscriber numbers slide, broadband subscriptions continue rising, with 945,000 net additions in Q1 vs. 815,000 in the year-ago quarter, Leichtman Research Group reported Wednesday. The top broadband cable and telco providers, representing 95 percent of the market, accounted for 98.7 million subscribers, led by cable with 65.3 million. Cable added 925,000 subs; telcos added 20,000, with Q1 the first for net broadband additions since Q1 2016. AT&T reported 36,000 net adds to 15.7 million and Verizon 12,000 net adds to 6.97 million. On the cable side, Charter had the most net adds in the quarter, 428,000, to bring its total base to 25.7 million, while Comcast, with 375,000 net adds, ended Q1 with a 27.6 million subscriber base. The past year saw about 2.6 million net broadband adds, vs. about 2 million in the prior year, said Principal Bruce Leichtman.