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Virgin Media Q2 2018 results: Measured approach in a tough market - Venture Insights

Report Overview

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Virgin Media Q2 2018 results: Measured approach in a tough market

PublisherEnders Analysis.
Publish Date August 20, 2018
Sector Fixed Line (Internet and Voice), Internet, Media, Telecom, UK Media.
Company Virgin Media.

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Virgin Media had a mixed quarter, with subscriber ARPU growth maintained, partly driven by a triple play focus with pay TV and telephony adds much improved, but subscriber and broadband net adds unchanged

Cable revenue growth did slow from 3.6% to 3.1%, mainly due to the previous quarter’s net adds slowdown working through, and it is still growing the fastest of the big operators in a slow-growth market that still suffers from pricing pressure at the low end

Its network roll-out was slower than last year and only just above the weather-impacted previous quarter, which appears to be deliberate, and which may at least partly relate to an uncertain regulatory and commercial climate over ‘full fibre’ roll-out by others