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TalkTalk Group Q3 2016/17 results: Weak quarter, reassuring guidance - Venture Insights

Report Overview

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TalkTalk Group Q3 2016/17 results: Weak quarter, reassuring guidance

PublisherEnders Analysis.
Publish Date February 6, 2017
Sector Fixed Line (Internet and Voice), Media, Mobile, Telecom, UK Media.
Company TalkTalk, Virgin Media.

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TalkTalk had a weak quarter, as was pre-warned, with the decline in the broadband base accelerating and consumer revenue growth of -6% slightly worse than the previous quarter.

Guidance was however very bullish, with the company confident that it can bounce back to return to positive net adds in the March quarter, while still hitting its profitability guidance.

This looks a difficult task in a market which is still highly competitive, but if it can achieve it, the longer term aim of a stable customer base and growing revenue and profits looks much more plausible.