Virgin Media Results 3 months to Dec 2013
1andrew1
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VM
+ 18,600 pay-TV subscribers
+ 39,100 broadband customers
This compares to
BSkyB
+ 77,000 TV subscribers, (half Now TV though)
+ 110,000 broadband subscribers
BT
+ 70,000 TV subscribers
+ 150,000 broadband customers.
"Virgin Media's revenue growth all but stalled in the fourth quarter, up just 0.4% year on year to £1.03bn, worse than analysts expected and much slower than its rivals BT, Sky and TalkTalk."
http://www.theguardian.com/media/201...media-bt-bskyb
Liberty's investor call here: http://www.libertyglobal.com/pdf/presentations/LG-2013-Investor-Call-Presentation-FINAL.pdf
Don't have VM's earlier figures to hand to compare with.
+ 18,600 pay-TV subscribers
+ 39,100 broadband customers
This compares to
BSkyB
+ 77,000 TV subscribers, (half Now TV though)
+ 110,000 broadband subscribers
BT
+ 70,000 TV subscribers
+ 150,000 broadband customers.
"Virgin Media's revenue growth all but stalled in the fourth quarter, up just 0.4% year on year to £1.03bn, worse than analysts expected and much slower than its rivals BT, Sky and TalkTalk."
http://www.theguardian.com/media/201...media-bt-bskyb
Liberty's investor call here: http://www.libertyglobal.com/pdf/presentations/LG-2013-Investor-Call-Presentation-FINAL.pdf
Don't have VM's earlier figures to hand to compare with.
0
Comments
Q4 2013:
TV - up 1,000 (Q4 2012 - up 17,100)
Internet - up 39,100 (Q4 2012 - up 62,700)
Phone - down 4,300 (Q4 2012 - up 21,400)
Calendar year 2013:
TV - down 45,900
Internet - up 103,500
Phone - down 42,700
Total RGUs - up 14,900
NB. TV numbers in this post are total TV (ie including free TV) - which is the reason for difference to TV numbers in post 1.
So in terms of RGUs, picture for the whole year is broadly flat - modest falls in TV and Phone customers being offset by growth in Internet customers.
However, the above paragraph is a little unfair as the TV number is total TV - Pay TV numbers are seeing modest growth.
Revenue:
Cable revenue for Q4 2013 is up 3% vs Q4 2012.
Cable revenue for calendar year 2013 is up 5.3% vs calendar year 2012.
NB. Cable revenue excludes Mobile and Business.
So still pretty good Cable revenue growth for the calendar year, though growth notably slower in Q4.
Link (open first PDF):
http://investors.virginmedia.com/phoenix.zhtml?c=135485&p=irol-irhome