From AT&T to Shentel: Tracking broadband earnings in Q3 2024

Lightwave+BTR is tracking players' performance in the broadband space in the third quarter of 2024.

The third quarter of the 2024 earnings reporting season has begun, and Lightwave+BTR is tracking how key players in the broadband industry performed. Please check here for updates on this segment's providers, vendors and integrators. 

You can also check out how Lightwave+BTR tracks the third quarter of 2024 results of the major players in the optical networking industry.

Also, check out our coverage of Q4 2023, Q1 2024 and Q2 2024 broadband earnings and Q4 2023, Q1 2024 and Q2 2024 optical earnings.

Oct. 22

Verizon
www.verizon.com
Verizon reported that the third quarter's total operating revenue was $33.3 billion, which was flat compared to the third quarter of 2023. 
- see our broadband coverage 

Oct. 23

AT&T
www.att.com
AT&T has continued to increase its fiber footprint, with 226,000 AT&T Fiber net adds in the third quarter—and this comes despite a hurricane-induced 30-day work stoppage in the Southeast portion of the company’s footprint. 
- see our coverage 

Oct. 29

Calix
www.calix.com
Calix says its positive quarterly results affirm its platform’s ability to differentiate customer offerings.
-see our coverage

Corning
www.corning.com
Corning's optical communications unit saw a revenue comeback in the third quarter, reporting $1.2 billion in revenues as it inked deals with AT&T and Lumen.
-see our coverage 

Oct. 31

Comcast
www.comcast.com
Comcast felt the effect of the FCC’s ending of the ACP program in the third quarter, losing 87,000 subscribers.
- see our coverage

Charter Communications
www.spectrum.com
While the end of the ACP program impacted Charter's broadband subscriber base, company revenue grew by 1.6% to $13.8 billion in the quarter.
- see our coverage 

Nov. 1 

TDS Telecom
www.tdsinc.com
TDS Telecom reported adding 2,700 residential broadband net adds in the quarter, contributing to 4% growth in residential broadband connections year-over-year.
- see our coverage 

Nov. 4

Altice USA
www.alticeusa.com
Altice USA reported third-quarter revenues of $2.2 billion, down 3.9% year over year. Adjusted EBITDA for the quarter was $862 million, down 5.8% yearly, and cash CapEx was $359 million, up 1.7% year over year.
- see our coverage

Nov. 5

Frontier
www.frontier.com
Frontier's fiber broadband fortunes rose during the third quarter as the telco saw increased fiber broadband passings and overall fiber broadband customers. These results came on the eve of Frontier’s shareholders approving Verizon’s acquisition of the provider.
- see our coverage

Lumen
www.lumen.com
Lumen reported third-quarter total revenue of $3.2 billion, down from $3.641 billion for the third quarter of 2023.
- see our coverage 

Nov. 6

CommScope
www.commscope.com
CommScope reported third-quarter net sales of $1.08 billion, up 3% yearly, but it emphasized that uncertainty continues to affect the company’s core businesses.
- here’s our coverage 

Nov. 7

Adtran 
www.adtran.com
Adtran reported $227.7 million in revenue, a sequential increase and above the midpoint of the company’s guidance.
- see our coverage 

Cable One
www.sparklight.com
For the third quarter of 2024, Cable One’s total revenues were $393.6 million, down from $420.3 million in the third quarter of 2023.
- see our coverage

Clearfield
www.seeclearfield.com
Clearfield is focused on investing, expanding, and capitalizing on opportunities despite a challenging quarter and fiscal year.
-see our coverage

Shentel
www.shentel.com
Shentel continued to pass more locations with fiber during the quarter, adding about 24,000 new fiber passings and improving its construction pace by nearly 18% over the third quarter of 2023.
- see our coverage

Nov. 20

Dycom
www.dycomind.com
As Dycom’s key customers ramped up builds during the quarter, the company reported that contract revenues were $1.27 billion, up 12% compared to the third quarter of 2024.
- see our coverage