Cord Cutting 2.0 is the movement that is seeing Americans ditch their cable TV internet services from companies like Comcast and Spectrum for other options like Fiber and 5G Home Internet.
Recently we surveyed more than 1,000 of our readers about what internet service they use. Only 45% of them use internet from a cable TV company. That is down from 51.7% at the end of 2023.
This comes as Fiber and 5G Home Internet have seen strong growth with cord cutters. Fiber now accounts for 29.1% of cord cutters, up from 25.5% at the end of 2023. 5G Home Internet also saw growth to 12.8%, which is up from 8.4% at the end of 2023.
5.4% of our readers report that they still use DSL, which is the same number as 2023.
Increasingly, it seems that cord cutters are taking advantage of new options for home internet. Fiber and 5G Home Internet both have seen strong growth as have other options. Now the question is how long will this trend continue and how much pressure will it put on cable TV companies.
To help deal with Cord Cutting 2.0, Comcast and Spectrum recently have offered cheaper plans targeting cord cutters who want internet primarily to stream video content. But is it too little, too late or just in time to stop the flood of cord cutting 2.0.