Virgin Media Reports Second Quarter 2007 Results

London, England – Virgin Media Inc. (NASDAQ: VMED) announces results for the quarter ended June 30, 2007.

Quarterly highlights:

“¢ Better than expected performance in TV of 2,200 net additions – despite disruption caused by Sky basics dispute
“¢ On-net RGU per customer rises for 6th consecutive quarter following merger
“¢ Broadband customers increase by 51,000 to reach 3.5m – still the UK’s largest residential broadband provider
“¢ Virgin Mobile contract customers increased by 53,000 to 299,000
“¢ V+ households rise by 53,000 to 167,000
“¢ Triple play penetration up to 45.2% from 37.1% a year ago
“¢ OCF of £315.3m (Q1-07: £305.7m)
“¢ Operating income of £3.0m (Q1-07: operating loss £15.3m)

Total TV net additions were 2,200 in the quarter, down from 36,100 in the previous quarter. Growth was affected by churn relating to the loss of Sky basic channels in March, with most of this churn occurring in April. Despite the impact of the Sky basics dispute, digital TV net additions were 40,000, following net additions of 75,200 in the previous quarter.

We grew our V+ DVR subscriber base by 46% in the quarter, with net additions of 52,600. At the quarter end we had 166,800 V+ subscribers, representing 5.3% penetration of our digital television base. We continue to build our Video On Demand (“VOD”) offering which is available to all of our 3.1 million digital TV subscribers.

Links: Full Release; Virgin Media