Virgin Media achieves 'record' revenue

The company saw revenue growth in all areas, including improved performance in both Mobile and Business.

Virgin saw a 79.7% growth in HDTV subscribers to reach the current total of 1.2 million, their digital TV base increased by 25,900 to top 3.7m customers. As a whole Virgin Media achieved 9,100 new customers for the quarter.

According to Virgin, 58% of their TV customers use VOD on a monthly basis. Average monthly VOD views were 68m, up 9% for the quarter

Churn remained at 1.3% while Virgin's triple-play penetration increased to 62.4% and quad-play penetration increased to 11.3%.

Neil Berkett, Chief Executive Officer of Virgin Media, said: "A growing base of customers, combined with increased ARPU and improvements in Business and Mobile revenues, drove strong revenue growth and a double digit year-on-year percentage increase in OCF for the third successive quarter.

This performance was driven by our ability to offer households and businesses an increasingly differentiated range of digital services. Going forward, we'll continue to differentiate our propositions by proactively exploiting the advantages of our network and our mobile capability."

DTG Staff  |  28.07.2010

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