Virgin Media reveals 10.1% quad-play penetration at end 3Q 2009

29 Oct 2009

British cableco Virgin Media has posted year-on-year increases in both revenue and operating income for its fiscal third quarter ended 30 September 2009. Total revenue rose 1.3% to GBP953 million (USD1.56 billion), while operating income more than tripled, up from GBP15.2 million at end-September 2008 to GBP50.2 million the following year.

The company reported that it had seen a record number of mobile customer additions during the quarter – 88,000 in the three-month period compared to 78,300 in 3Q 2008 – bringing its total wireless subscriber base to 872,600, up 51% year-on-year. Across all of its service areas – broadband, fixed line telephony, cable TV and wireless voice – the operator reported subscriber growth, revealing that on-net triple-play penetration had risen to 59.5% compared to 54.7% at end September 2008. In addition, Virgin said that the percentage of its subscribers taking all four services from it had risen to 10.1%. As at 30 September 2009 Virgin Media had a total (on-net and off-net) of 4.03 million broadband subscribers, 4.25 million fixed line voice subscribers and 3.71 million cable TV subscribers.

Neil Berkett, Virgin Media’s chief executive officer, said of the results: ‘Our triple-play penetration is at record levels and over 10% of our customers now take all four services from us. Our focus remains on attracting high value customers, who buy more from us and stay with us longer. This strategy has led to the second successive quarter of record ARPU and strong consumer revenue growth. I am delighted that these results show we are progressing significantly in this regard.’

United Kingdom, Virgin Media, Virgin Mobile UK