Virgin Media Results 3 months to Dec 2013

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• mlt11 Posts: 21,080

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  14/02/14 - 20:11 #2

  See link below for results press release:
  
  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

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• blueisthecolour Posts: 20,125

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  14/02/14 - 21:49 #3

  I know that the staff weren't happy to hear that they would only receive 60% of their bonuses, despite significant growth in share price.

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