Virgin Media Notification of Second Quarter 2011 Results

[Phil-ntl]

Virgin Media Notification of Second Quarter 2011 Results

Virgin Media (NASDAQ:VMED)(LSE:VMED) will be announcing its Second Quarter 2011 results on Wednesday, July 27, 2011 at 7am UK time, 2am ET. The company will host a meeting and conference call for analysts and investors to discuss these results on July 27, at 1pm UK time, 8am ET.

To watch a live webcast of the meeting and view presentation slides, visit the Company's website at www.virginmedia.com/investors.

Replay:

A replay of the webcast will be available for twelve months.

A replay of the teleconference will be available for one week beginning approximately two hours after the end of the call until Wednesday August 3, 2011.


SOURCE: Virgin Media Inc.

[Peil]

Meeting information:
A presentation for analysts and investors will be held in London. Please contact Lulu Bridges at Tavistock Communications for further information. Contact details can be found towards the bottom of this announcement.
Conference call information:
United Kingdom: +44 (0)20 7136 2051
United States: +1 212 444 0481
Passcode: 5731424
To watch a live webcast of the meeting and view presentation slides, visit the Company"s website at www.virginmedia.com/investors.
Replay:
A replay of the webcast will be available for twelve months.
A replay of the teleconference will be available for one week beginning approximately two hours after the end of the call until Wednesday August 3, 2011.
United Kingdom: +44 (0)20 7111 1244
United States: +1 347 366 9565
Passcode: 5731424
Source: NASDAQ Stock Exchange

[denphone]

Results just been released for the last quarter.

http://www.businesswire.com/news/hom...t-Year-Quarter

http://investors.virginmedia.com/ima...DetailsID=1112

[Horizon]

50,000 have taken tivo.... pretty good since its only been available for a few months.

Revenue up, but they lost 36,000 customers overall. Not good. Revenues need to be increased with more customers not continual price rises for existing customers.

[denphone]

Originally Posted by Horizon

50,000 have taken tivo.... pretty good since its only been available for a few months.

Revenue up, but they lost 36,000 customers overall. Not good. Revenues need to be increased with more customers not continual price rises for existing customers.

Well on the first point which is Tivo remember most of these sales were done with existing customers so l think the next quarter results will be more interesting on that score, now with revenue increasing well obviously existing loyal customers are spending more and having more services so thats why that is up l suspect and on the final point in which they have lost 36,000 customers well l think this is down to a variety of factors which are the economic conditions at this present time, prices rises which l think is a big no no with customers at this present time and maybe not offering some customers retention deals when their contract has ended.

[Ignitionnet]

Nothing to do with the economic climate I don't think more the competition trying harder, BT's ongoing rollout of higher speed services, more competition in the phone market.

VM previously actually benefitted from the economic climate, people not having the money to go out so spending more on in-home entertainment, both they and Sky have been seeing customer numbers increase recently.

If Sky show a similar drop in TV customers and BT Retail a similar drop in broadband customers I may change my mind.

Broadband growth throughout has slowed down, digital TV growth has slowed down. It's a saturated market for both now, operators are fighting over the same group of customers.

Throwing retentions deals at customers to retain them at any cost is stupid. VM are a business and should charge a profitable price on every customer, I hope they are pursuing that policy more aggressively rather than in the past where people would go on MoneySavingExpert and then phone up expecting triple play and to get paid each month for taking it.

EDIT: Forgot this is also historically a weak quarter of the year for VM anyway. By far the more concerning part about this results is the loss of business revenue.

[denphone]

Originally Posted by Ignitionnet

Nothing to do with the economic climate I don't think more the competition trying harder, BT's ongoing rollout of higher speed services, more competition in the phone market.

VM previously actually benefitted from the economic climate, people not having the money to go out so spending more on in-home entertainment, both they and Sky have been seeing customer numbers increase recently.

If Sky show a similar drop in TV customers and BT Retail a similar drop in broadband customers I may change my mind.

Broadband growth throughout has slowed down, digital TV growth has slowed down. It's a saturated market for both now, operators are fighting over the same group of customers.

Throwing retentions deals at customers to retain them at any cost is stupid. VM are a business and should charge a profitable price on every customer, I hope they are pursuing that policy more aggressively rather than in the past where people would go on MoneySavingExpert and then phone up expecting triple play and to get paid each month for taking it.

EDIT: Forgot this is also historically a weak quarter of the year for VM anyway. By far the more concerning part about this results is the loss of business revenue.

l think the next 2 quarters will reveal whether Virgin strategy is working and remember Sky are expected to post weaker results this week as well.

[Ignitionnet]

Sky are expected to post similar results to Virgin, slower subscriber growth, focus on upsell to existing customer base - as expected in a more saturated market. Nearly everyone who wants pay TV has got it now, most who want broadband internet have it.

After getting a leg up from the state of the economy back to normal now.

[Gavin-D]

Has anyone been able to read the press release? all i get is a blank white page.

http://pressoffice.virginmedia.com/p...ROL-news&nyo=0

[denphone]

Here it is here.

http://investors.virginmedia.com/ima...DetailsID=1112

[gcampbell]

Originally Posted by denphone

Well on the first point which is Tivo remember most of these sales were done with existing customers so l think the next quarter results will be more interesting on that score, now with revenue increasing well obviously existing loyal customers are spending more and having more services so thats why that is up l suspect and on the final point in which they have lost 36,000 customers well l think this is down to a variety of factors which are the economic conditions at this present time, prices rises which l think is a big no no with customers at this present time and maybe not offering some customers retention deals when their contract has ended.

You don't think a good whack of the 36,000 were perhaps a bit miffed at not getting Sky Atlantic and VM's general lack of commitment to content?

[Pierre]

Originally Posted by gcampbell

You don't think a good whack of the 36,000 were perhaps a bit miffed at not getting Sky Atlantic and VM's general lack of commitment to content?

No 'cos Sky Atlantic is not very good.

[gcampbell]

Originally Posted by Pierre

No 'cos Sky Atlantic is not very good.

This is your opinion, many others disagree and I believe disagreed to such an extent they felt it necessary to cancel their virgin media contracts.

[denphone]

Originally Posted by gcampbell

You don't think a good whack of the 36,000 were perhaps a bit miffed at not getting Sky Atlantic and VM's general lack of commitment to content?

Most of these customers were students who cancel their subscriptions around this time of year and will come back in the Autumn.

[TheDon]

Originally Posted by gcampbell

You don't think a good whack of the 36,000 were perhaps a bit miffed at not getting Sky Atlantic and VM's general lack of commitment to content?

Seeing as they were predominantly low ARPU customers, and the sort of people who care enough about content to cancel their TV over one channel being missing probably aren't low ARPU customers, no.