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 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 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’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 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 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 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 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

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 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

Feb. 16


Feb. 21 

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
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 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 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.

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