Leichtman Research Group, Inc. (LRG) reports…

November 18, 2020 — Leichtman Research Group, Inc. (LRG) found that the largest cable and wireline phone providers in the U.S. – representing about 96% of the market – acquired about 1,530,000 net additional broadband Internet subscribers in 3Q 2020, compared to a pro forma gain of about 615,000 subscribers in 3Q 2019.

These top broadband providers now account for about 104.9 million subscribers, with top cable companies having about 72 million broadband subscribers, and top wireline phone companies having about 32.9 million subscribers.

Findings for the quarter include:

• Overall, broadband additions in 3Q 2020 were about 915,000 more than in 3Q 2019
  • Broadband additions in 3Q 2020 were the most in any quarter since 1Q 2009
• The top cable companies added about 1,320,000 subscribers in 3Q 2020 – compared to a net gain of about 830,000 subscribers in 3Q 2019
  • Cable broadband had over one million net adds for the third consecutive quarter – the first time since 3Q 2006-1Q 2007
  • Comcast’s 633,000 net adds in 3Q 2020 were more than in any quarter in the past fifteen years
• The top wireline phone companies added about 210,000 subscribers in 3Q 2020 – compared to a net loss of about 220,000 subscribers in 3Q 2019

“With the continued impact of the coronavirus pandemic, there were more quarterly net broadband additions in 3Q 2020 than in any quarter in over eleven years,” said Bruce Leichtman, president and principal analyst for Leichtman Research Group, Inc.  “Over the past year, there were about 4,550,000 net broadband adds, compared to about 2,550,000 net broadband adds over the prior year. This marks the most broadband net adds in a year since 3Q 2008-2Q 2009.”

It would be so nice to see them invest in areas that need better service. Here’s how specific providers did…