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Virgin Media Q2 2017 results: Mixed quarter, but still the fastest - Venture Insights

Report Overview

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Virgin Media Q2 2017 results: Mixed quarter, but still the fastest

PublisherEnders Analysis.
Publish Date August 16, 2017
Sector Fixed Line (Internet and Voice), Media, Mobile, Telecom, UK Media.
Company Liberty Global, Virgin Media.

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Virgin Media’s subscriber figures in Q2 were a little mixed, with total homes and broadband figures weaker than a year earlier, but pay TV much stronger. ARPU growth fell though, largely due to price increase timing effects, leading to a modest dip in revenue growth

Project Lightning premises passed during the quarter rose to 127k, making at least some progress towards upping its run-rate after changing its roll-out management team and approach, the company declined to give indications of how this will evolve

The broader market context is still one of slowing broadband volume growth, and Virgin Media continues to take market share, being the fastest growing of the ‘big 4’ in both subscriber and RGU volumes