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Virgin Media Q4 2008 results: one step forward, one step back - Venture Insights

Report Overview

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Virgin Media Q4 2008 results: one step forward, one step back

PublisherEnders Analysis.
Publish Date March 1, 2009
Sector Fixed Line (Internet and Voice), Pay TV.
Company Virgin Media.

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VMed’s Q4 results were mixed, with consumer cable revenue remaining stable but cable net adds dropping significantly and opex performance hit by rising energy costs.

Group OCF was stable thanks to improvements at Virgin Mobile and Content.

We expect performance to prove relatively resilient in 2009, though not to the extent of generating significant growth in underlying annual cash flow.