Virgin Media Third Quarter 2012 Results.

[alwaysabear]

Originally Posted by BenMcr

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

From the Earnings report as posted by Hugh. The figures show the net customers as at 30 Sept 2011 and 30 Sept 2012.
SELECTED CONSUMER OPERATIONS STATISTICS
Consumer cable customers 4851.6 \ 4750.6
Broadband 4290.5 \ 4072.9
TV 3778.4 \ 3762.0
Telephone 4157.7 \ 4141.0

[joglynne]

Originally Posted by spiderplant

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

<snip>

Did VM previously have thousands of non-paying customers included in their TV customers base?

I think I am having a senior moment 'cause I don't understand the above figures, I know there must be a simple explanation that is evading me so just ignore me if the answer is blindingly obvious and I will slink away back to my Knitting and Horlicks.

[batchain]

Originally Posted by spiderplant

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

No idea where Mr bear got his 16K from.

Over the last 12 months, but paying TV customers up by 200,000

[BenMcr]

Originally Posted by joglynne

Did VM previously have thousands of non-paying customers included in their TV customers base?

Yes, those on TV M - its a £0 rated package, so isn't counted as Pay TV

[joglynne]

Originally Posted by BenMcr

Yes, those on TV M - its a £0 rated package, so isn't counted as Pay TV

See ... ... I knew there would be a simple explanation.

Cheers Ben.

[qasdfdsaq]

Originally Posted by Top banana

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

BT Group gained nearly 310k broadband customers in the same quarter, with 170k on "superfast" fibre. 60k is "fantastic"?

Originally Posted by qasdfdsaq

BT Group gained nearly 310k broadband customers in the same quarter, with 170k on "superfast" fibre. 60k is "fantastic"?

For a company the size of vm, yes it is.

[thenry]

its fantastic because cloners have decided to join as a full customer having taken years of free trials

[batchain]

Originally Posted by qasdfdsaq

BT Group gained nearly 310k broadband customers in the same quarter, with 170k on "superfast" fibre. 60k is "fantastic"?

BT results for the same quarter (ending 30th Sept 2012) are still to be announced. In the previous quarter (ending 30th June) BT Retail added 85,000 broadband customers, representing 50% of DSL, LLU and fibre broadband net additions (excluding cable).

BT Retail superfast broadband net additions increased by over 150,000 customers while Virgin Media outsold them 3 times over with over 450,000 superfast net adds in the same period.

Just as the majority of Virgin superfast adds are from customers being upgraded the majority of BT Infinity adds are from the existing BT DSL base, not in addition to.

Originally Posted by thenry

its fantastic because cloners have decided to join as a full customer having taken years of free trials

you need to let it lie, as you are getting really boring.....

[thenry]

I will when its eradicated.

[batchain]

Originally Posted by nialli

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

Already posted. In the quarter, the firm made a net profit of £123.9m

Originally Posted by denphone

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

[denphone]

Originally Posted by batchain

Already posted. In the quarter, the firm made a net profit of £123.9m

Then its about time they invested in certain channels they know the majority of VM customers want.

[qasdfdsaq]

Originally Posted by batchain

BT results for the same quarter (ending 30th Sept 2012) are still to be announced. In the previous quarter (ending 30th June) BT Retail added 85,000 broadband customers, representing 50% of DSL, LLU and fibre broadband net additions (excluding cable).

Funny, BT's own performance indicators indicate 136,000 net additions representing 44% of the xDSL market, indicating total net additions for BT Group of 309,000 for "Q4 2012" (FY).

BT Retail superfast broadband net additions increased by over 150,000 customers while Virgin Media outsold them 3 times over with over 450,000 superfast net adds in the same period.

Just as the majority of Virgin superfast adds are from customers being upgraded the majority of BT Infinity adds are from the existing BT DSL base, not in addition to.

We were talking about VM total net adds (60k including wholesale) vs BT Group (309k including wholesale).

If you want to separate superfast from non superfast, in the non-superfast category you have VM losing 390,000 customers and BT Group gaining 139,000.

In the Superfast category you have VM and BT counting "superfast" differently, with superfast on VM being >=30Mb and on BT being >=38Mb. If you use VM's lowest tariff as a cutoff, obviously making their own numbers look bigger you have around 450,000 net adds on VM and 150,000 on Openreach whereas if you use BT's lowest as a cutoff you only have 247,500 net adds on VM "superfast".

In terms of total uptake, you have a somewhat over 700,000 active customers on Openreach fibre (with around 40% UK coverage, aka 7% uptake) vs. 837,500 active customers on VM on the same or higher tariffs (with 51% UK coverage aka 6.5% uptake). Course all the BT Group figures are a few months out of date and will be higher now...

For all intents and purposes they're competing on pretty even footing now with VM losing their early lead on and off. And as they say, competition is good.

[howardmicks]

Originally Posted by batchain

Already posted. In the quarter, the firm made a net profit of £123.9m

want to spend some of it on new channels then