Cable Forum - Virgin Media revenues beat forecasts

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Virgin Media revenues beat forecasts

Couldn't see this posted anywhere else - sorry if it is

http://www.guardian.co.uk/media/2009...dia-q3-results

Virgin Media beat analysts' forecasts for the third quarter, adding 8,100 net new cable TV households and boosting revenues by 1.3% to Â£953m. Overall, the company added 17,800 new customers in the third quarter

Re: Virgin Media revenues beat forecasts

Some good stuff but something that doesn't make such good reading:

Quote:

The company said that it managed to increase its broadband customer base by 39,000 to 3.77 million.

Highlights something I mentioned elsewhere regarding saturation of the market in VM's areas now. Very competitive market indeed.

This is hilarious though, go Guardian:

Quote:

Customers taking high-speed 10Mb or faster broadband services have risen 157% year on year to 2.7 million, or 72% of Virgin's customer base.

I'm sure this is nothing to do with Virgin ceasing sale of sub-10Mbps services and upgrading virtually all customers to 10Mbps :D

No real surprises, staying in is the new going out, etc, and Sky's results were likewise ahead of the analyst expectations.

I'm gathering that more landline phone customers were lost given the gain in HSI / TV subscriptions?

Re: Virgin Media revenues beat forecasts

Quote:

Originally Posted by BenMcr (Post 34899919)

Good results :)

Re: Virgin Media revenues beat forecasts

Favourite quote taken out of context.

http://www.guardian.co.uk/media/2009...dia-q3-results

Quote:

Our triple-play penetration is at record levels