Virgin Media Third Quarter 2012 Results.

[Media Boy UK]

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

[denphone]

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=

[nialli]

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

[denphone]

Originally Posted by nialli

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

Yes long on spin but short on deliverance.

Earnings Report

[alwaysabear]

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.

[BenMcr]

Originally Posted by alwaysabear

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.

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

This uptake has helped to drive the overall number of paying TV customers, which increased by 52,200 in the quarter.

[thenry]

Originally Posted by nialli

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

hardware used?

Originally Posted by denphone

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

Originally Posted by alwaysabear

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.

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

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

[BenMcr]

Originally Posted by jempalmer

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

The two aren't directly connected

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

[BenMcr]

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

[Chad]

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

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."

[spiderplant]

Originally Posted by Chad

Seems to be a lot of figures bouncing around.

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

No idea where Mr bear got his 16K from.