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Virgin Media Q3 2009 results: steaming ahead - Venture Insights

Report Overview

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Virgin Media Q3 2009 results: steaming ahead

PublisherEnders Analysis.
Publish Date October 29, 2009
Sector Fixed Line (Internet and Voice), Pay TV.
Company Virgin Media.

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VMed’s Q3 results were strong, with the impact of the May price increases feeding through almost directly into growth in revenue and cash flow. Cable volume performance was solid, given difficult market conditions and the focus on higher value customers.

VMed’s plans for HD are becoming increasingly important. In this regard, the outcome of Ofcom’s pay-TV investigation could prove crucial.

The cost reduction programme is delivering ahead of expectations, and we remain optimistic that revenue growth will continue, in combination with reductions in operating costs, to generate further significant growth in cash flow.