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Virgin Media Q4 2013 results: Promising 2014 ahead - Venture Insights

Report Overview

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Virgin Media Q4 2013 results: Promising 2014 ahead

PublisherEnders Analysis.
Publish Date February 18, 2014
Sector Fixed Line (Internet and Voice), Sports.
Company Virgin Media.

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Virgin Media’s consumer cable revenue growth dipped down to 3% in Q4, largely driven by weaker RGU growth during the year feeding through.

Subscriber net adds were however much stronger in Q4, and the company has confidently implemented firm price increases this month, backed up by another speed increase across all tiers.

OCF declined by 5%, or 1% excluding one-off items, with increased sports content costs from BT and Sky weighing. However, the company remains confident of mid-single digit OCF growth in 2014, with growth improving through the year.