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

Feb. 16

TDS
www.tdsinc.com

Feb. 21 

Shentel 
www.shentel.com
Shentel reported consolidated revenues and adjusted EBITDA grew approximately 8% and 19%, respectively, driven by Glo fiber subscriber growth.
- here’s BTR’s coverage 

Feb. 22 

Cable One 
www.www.cableone.biz
Cable One expanded its broadband base by more than 1,600 customers in the fourth quarter, which the cable MSO attributed to an improvement in year-over-year new connects and sustaining low churn rates.
- here’s BTR’s coverage

Feb. 23

Frontier
www.frontier.com
Frontier reported fourth-quarter consumer fiber revenue of $484 million, which rose 11.0% year-over-year as growth in broadband was partly offset by declines in video, voice, and other services.
- here's BTR’s coverage
- see Lightwave’s coverage

Feb. 26

Adtran
www.adtran.com
Adtran reported fourth-quarter revenue was $225.5 million, down 37% year-over-year and 17% quarter-over-quarter.
- see BTR's coverage 




About the Author

Sean Buckley

Sean is responsible for establishing and executing the editorial strategies of Lightwave and Broadband Technology Report across their websites, email newsletters, events, and other information products.

Sponsored Recommendations

New Optical Wavelength Service Trends

July 1, 2024
Discover how optical wavelength services are reshaping the telecom landscape, driven by rapid expansion and adoption of high-speed connections exceeding 100 Gbps, championed by...

ON TOPIC: Innovation in Optical Components

July 2, 2024
Lightwave’s latest on-topic eBook, sponsored by Anritsu, will address innovation in optical components. The eBook looks at various topics, including PCIe (Peripheral...

Data Center Interconnection

June 18, 2024
Join us for an interactive discussion on the growing data center interconnection market. Learn about the role of coherent pluggable optics, new connectivity technologies, and ...

PON Evolution: Going from 10G to 25, 50G and Above

July 23, 2024
Discover the future of connectivity with our webinar on multi-gigabit services, where industry experts reveal strategies to enhance network capacity and deliver lightning-fast...