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Virgin Media UK Q3 2018 results: Cautiously accelerating growth - Venture Insights

Report Overview

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Virgin Media UK Q3 2018 results: Cautiously accelerating growth

PublisherEnders Analysis.
Publish Date December 7, 2018
Sector Media, Telecom.
Company Virgin Media.

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Virgin Media’s revenue growth accelerated in Q3, off the back of improved subscriber ARPU and triple play growth, but actual customer and broadband figures slowed in line with the weakening market

Network roll-out was still (deliberately) slow, with the rate now well below the previous year, and the company indicating that it is not expecting to accelerate, although it is still the fastest new network builder in the UK by some margin

Both the ARPU focus and slow roll-out point to a cautious approach, with the company happier to ensure its existing customers offer good yields than to seek significant market share growth at this stage, which is probably wise