Virgin Media: Subscriber growth renaissance continues

Report Overview

Virgin Media: Subscriber growth renaissance continues

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Virgin Media: Subscriber growth renaissance continues

Virgin Media’s lockdown subscriber surge continued into Q3, as working-from-home highlights the importance of the faster speeds its network can offer.


Subscriber growth returns, ARPU a tougher nut for now

Subscriber renaissance continues

ARPU was however weak, and will get weaker

New customer pricing remains firm

EBITDA hit by one-offs, but worse to come

Still winning in ultrafast…for now

Guidance maintained, tough Q4 for profitability


List of charts/tables

Figure 1: UK cable revenue growth and group EBITDA growth

Figure 2: Virgin Media UK consumer cable operating performance Figure 3: Virgin Media UK cable revenue and operating statistics Figure 4: Virgin Media selected recent price changes Figure 5: Broadband entry level pricing, new customers (£/month) Figure 6: Broadband high speed pricing, new customers (£/month) Figure 7: Virgin Media Group operating performance Figure 8: Project Lightning progress (000) Figure 9: Gigabit-capable premises covered (m) Figure 10: Liberty Global 2020 guidance