Virgin Media Third Quarter 2012 Results.
 

Virgin Media will be announcing its Third Quarter 2012 results on Tomorrow (Tuesday 23 October 2012) at 7am UK time.

http://announce.ft.com/Detail/?DocKe...RX____BW6139-1

Re: Virgin Media Third Quarter 2012 Results.
 

Here we have it.

-- Revenue up 3.1% to GBP 3,061m for the nine months -- Revenue up 2.8% to GBP 1,028m for the quarter

-- OCF(1) up 3.8% to GBP 1,211m for the nine months -- OCF up 6.1% to GBP 423m for the quarter

-- Operating income of GBP 491m for the nine months; GBP 180m for the quarter

-- Net income of GBP 196m for the nine months; GBP 124m for the quarter

-- FCF(2) down 6.3% to GBP 336m for the nine months; down 11% to GBP 120m for the quarter -- Net cash provided by operating activities of GBP 808m for the nine months; GBP 365m for the quarter

Multiple sources of high quality revenue growth

-- Net cable customer additions of 39,500 in the quarter, up from 6,300 -- Churn down from 1.7% to 1.4% in the quarter

-- Cable ARPU up 1.8% to GBP 48.73 in the quarter

-- On-going improvement of customer base mix in the quarter -- TiVo customers increased 205,900 to 1.14m; now 30% of TV base

-- 52,200 increase in the paying TV base(3)

-- Superfast broadband customers (30Mb and above) increased 452,900 to 1.8m, now 42% of broadband base

-- Mobile revenue down 3.1% to GBP 137m in the quarter

-- Business division revenue up 9.5% to GBP 169m in the quarter

http://www.marketwatch.com/story/vir...lts-2012-10-23

http://phx.corporate-ir.net/phoenix....479&highlight=

Re: Virgin Media Third Quarter 2012 Results.
 

Several phrases missing from the statement:
- New channels
- High Definition
- Profit
?

Re: Virgin Media Third Quarter 2012 Results.
 

Yes long on spin but short on deliverance.

Re: Virgin Media Third Quarter 2012 Results.
 

Re: Virgin Media Third Quarter 2012 Results.
 

A cursory glance at the figures shows good growth in BB, but TV and phone have stagnated . 137000 new BB customers over the last year , over 10,000 a month, but only 16,000 Tv and phone customers in the same period just over 1000 a month. Most of the increased revenue has come from the price increases.

Re: Virgin Media Third Quarter 2012 Results.
 

Remember for TV there has also been a big drive to convert existing TV customers across to TiVo.

Also where are you getting 16,000 from? In Q3 TV customers were up by 52,000

Re: Virgin Media Third Quarter 2012 Results.
 

hardware used?

:angel:

Re: Virgin Media Third Quarter 2012 Results.
 

Investors look at current activity not past and in the last 3 months VM added 60k Broadband and 40K TV customers - fantastic results

Re: Virgin Media Third Quarter 2012 Results.
 

If they're making that much money, why is my BB still rubbish at times?

Re: Virgin Media Third Quarter 2012 Results.
 

The two aren't directly connected

Re: Virgin Media Third Quarter 2012 Results.
 

Neither is my broadband sometimes Ben, or the TV for that matter.

Re: Virgin Media Third Quarter 2012 Results.
 

Fair enough, but that affects all residential services, no matter what profit a company is making

Re: Virgin Media Third Quarter 2012 Results.
 

Seems to be a lot of figures bouncing around.

http://www.guardian.co.uk/media/2012...00?INTCMP=SRCH

"Virgin Media managed to grow its TV subscriber base by just 10,700 new customers – an improvement over the same period last year when the company lost TV customers – taking the total TV base to 3.78 million."

Re: Virgin Media Third Quarter 2012 Results.
 

TV customers are up 10,700, but paying TV customers are up 52,200.

No idea where Mr bear got his 16K from.