Comcast and Charter lose broadband subscribers as 5G competition grows
Updated
Updated · The Motley Fool · May 7
Comcast and Charter lose broadband subscribers as 5G competition grows
11 articles · Updated · The Motley Fool · May 7
Comcast's Xfinity lost 65,000 high-speed internet users and Charter's Spectrum 117,000 residential customers last quarter, while T-Mobile and Verizon's fixed wireless access base reached 15.5 million.
Both cable groups' broadband customer counts peaked in 2023 and have since fallen by more than 1 million each, with weaker internet performance helping drive last-quarter EBITDA declines.
Broadband remains a major profit engine, contributing about 20% of Comcast revenue and 40% of Charter revenue, leaving both exposed as 5G fixed wireless offers a cheaper, easier home internet alternative.
Is fixed wireless a temporary threat, or does it signal the permanent decline of cable's dominance in home internet?
As 5G and fiber expand, will today’s cable internet giants become tomorrow’s forgotten utilities?