Virgin Media Reports First Quarter 2008 Results

LONDON — Virgin Media Inc. (Nasdaq:VMED) announces results for the quarter ended March 31, 2008.

CABLE SEGMENT – Television

Total TV net additions were 36,800 in the quarter (Q4-07: 61,100; Q1-07: 36,100). As anticipated, this was lower than in the previous quarter partly due to alterations to acquisition offers in order to emphasize higher priced TV tiers.

1.6m of our TV customers are now using our VOD service on a monthly basis, representing a reach of 48%. Average views per user per month in the quarter were 24 compared to 23 in the previous quarter and 11 a year ago. Average monthly views were 36m in the quarter, up 10% on the previous quarter and up 155% on the same quarter last year.

In April 2008, we launched the BBC’s iPlayer service on our VOD platform offering hundreds of hours of BBC catch-up content. Developments like this give VOD a new impetus and help establish on-demand as a genuinely mainstream TV service.

During the quarter, we added a record 101,800 V+ DVR subscribers to reach an installed base of 364,200. This represents a penetration level of just 11% of our digital subscribers and so the growth opportunity remains strong. In addition, based on our experience, DVR subscribers and VOD users are less likely to churn.

The mix of TV subscribers improved during the quarter, with growth in the percentage of subscribers on our top basic tier. We believe that this growth continued to be positively affected by increased VOD content and usage and the addition of the Setanta Sports channels into our top basic tier.

GROUP RESIDENTIAL OPERATIONS

  STATISTICS ('000s)                  Q1 2008     Q4 2007     Q1 2007
 ----------------------------         --------    --------    --------
 Group RGUs
   On-net TV                           3,514.9     3,478.1     3,390.0
      On-net Digital TV                3,311.4     3,253.5     3,081.1
   Broadband
     On-net                            3,502.3     3,413.9     3,146.4
     Off-net                             279.5       287.3       270.5
                                      --------    --------    --------
                                       3,781.8     3,701.2     3,416.9

 Net RGU adds
   On-net TV                              36.8        61.1        36.1
     On-net Digital TV                    57.9        86.5        75.2
   Broadband
     On-net                               88.4       106.2        87.9
     Off-net                              (7.8)        5.0         9.7
                                      --------    --------    --------
                                          80.6       111.2        97.6

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