Media, Telecom and Advertising Telecom

Four connectivity businesses

Verizon $138.2B, AT&T $125.6B, Comcast $123.7B, Charter $54.8B in calendar 2025. Comcast and Verizon are not cable-only.

Comcast is connectivity plus Hollywood

2025 Connectivity & Platforms $80.9B and Content & Experiences $45.6B. Eliminations are omitted. This is why Comcast sits on the telecom tab and still has a studio.
Connectivity & PlatformsContent & Experiences

AT&T Mobility dwarfs fiber dollars

2025 Mobility service $67.4B. Consumer Wireline fiber $8.6B, +17%. These are two printed lines, not the $125.6B group and not phone counts.

Postpaid phones, not total lines

Verizon 93.9 million retail postpaid phones. AT&T 74.2 million postpaid phones. Prepaid and connected devices are out of this chart.

Cable wireless lines, not postpaid phones

Charter 11.77 million mobile lines. Comcast 9.31 million domestic wireless lines. These are cable wireless lines. Verizon and AT&T postpaid phones are the chart above.

Cable broadband is still shrinking

Comcast 31.26 million domestic broadband after a 181,000 Q4 loss. Charter 29.68 million Internet after a 119,000 Q4 loss.

Q4 broadband losses

Comcast domestic broadband -181,000 in Q4 2025. Charter Internet -119,000. These are quarterly net adds, not year-end bases and not wireless lines.

Residential broadband is the base

Comcast residential 28.72 million and business 2.54 million. Charter residential 27.64 million and small business 2.04 million. Residential is what is shrinking.

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Media, Telecom and Advertising Telecom: Market Data | Sterling