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Virgin Media Q2 2011 results: resilient but with limits - Venture Insights

Report Overview

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Virgin Media Q2 2011 results: resilient but with limits

PublisherEnders Analysis.
Publish Date July 27, 2011
Sector Fixed Line (Internet and Voice), Mobile and Wireless Technology, Pay TV.
Company Virgin Media.

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VMed’s Q2 results were respectable, but quirky, with resilient underlying revenue and strong cash flow, but exceptionally weak cable volumes

Virgin Mobile is performing better than ever, but steam continues to seep from the cable cash flow boiler

A TiVo push and further progress at Virgin Media Business are still to come, but we expect a trend of gradual decline in fundamental cash flow growth