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Virgin Media Q1 2014 results: Volume, revenue and profitability improving - Venture Insights

Report Overview

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Virgin Media Q1 2014 results: Volume, revenue and profitability improving

PublisherEnders Analysis.
Publish Date May 11, 2014
Sector Fixed Line (Internet and Voice), Mobile and Wireless Technology, Pay TV.
Company Virgin Media.

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Improving volume trends and ARPU drove Virgin Media’s cable revenue growth to improve from 3.0% to 3.6%, helped by a firm price increase implemented during the quarter.

Underlying OCF growth improved more dramatically, from -1% to +6%, with synergy benefits, lower marketing costs and lower premium channel cost growth some of the main drivers.

While volume growth is still modest, solid ARPU growth and cost control should allow continued strong OCF growth through the rest of the year.