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Virgin Media Q4 2017 results: Growth limited by market pressures - Venture Insights

Report Overview

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Virgin Media Q4 2017 results: Growth limited by market pressures

PublisherEnders Analysis.
Publish Date February 26, 2018
Sector Fixed Line (Internet and Voice), Media, Mobile, Telecom, UK Media.
Company Liberty Global, Virgin Media.

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Virgin Media’s Q4 performance was a little softer than expected, with subscriber figures quite weak and no improvement in ARPU growth despite a better implementation of its annual price rise.

The cause is however likely market-driven, with broadband demand slowing and all operators struggling for ARPU growth, and Virgin Media does now lead the market for subscriber, RGU and revenue growth.

The prospects for 2018 are solid if not spectacular, with Project Lightning driving market share gains and ARPU defended by a network speed advantage that will last for many years yet.