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Virgin Media Q2 2015 results: Bouncing back - Venture Insights

Report Overview

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Virgin Media Q2 2015 results: Bouncing back

PublisherEnders Analysis.
Publish Date August 11, 2015
Sector Mobile and Wireless Technology, Telecom.
Company Virgin Media.

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Virgin Media’s subscriber figures bounced back in Q2 after a weak Q1, and consumer revenue growth also improved to a respectable 3% despite continued headwinds from VAT changes.

The UK broadband market remains tough, and BT Sport Europe’s launch in Q3 will not make it any easier, but Virgin Media’s access to this and all other sports channels means that it should be able to remain above the fray.

The network extension program is likely to give further growth impetus from 2016, and the company is laying the groundwork for network speed upgrades which will maintain its speed advantage for at least the medium term.