Virgin Media Reports Fourth Quarter 2008 Results

Wednesday, February 25th, 2009
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  • TV customer net increase of 44,500 (Q4-07: 61,100) to a record 3.62m (Q4-07: 3.48m)
  • Video-on-demand (VOD) usage rises to 52% of digital customers (Q4-07: 47%)
  • Highest ever average VOD views of 53m per month (Q4-07: 33m)

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

Television

Total TV net additions were 44,500 in the quarter (Q3-08: 37,800; Q4-07: 61,100).

Customers are increasingly using our VOD services. On a monthly basis, 1.8m of our digital TV customers are now using VOD, representing a reach of 51.8%. Average views per user per month in the quarter were 29.7 compared to 22.0 a year ago. Average monthly views were 52.9m in the quarter, up 19% on the previous quarter and up 60% on the same quarter last year.

During the quarter, we added 52,800 V+ DVR subscribers to reach an installed base of 521,500. This represents a penetration level of just 15% of our digital subscribers and so the growth opportunity remains strong. In addition, based on our experience, VOD subscribers and V+ DVR users are less likely to churn.

 GROUP RESIDENTIAL OPERATIONS
  STATISTICS ('000s)                         Q4 2008  Q3 2008  Q4 2007
 ----------------------------               -------- -------- --------
 Television                                  3,621.0  3,576.5  3,478.1
  Digital TV                                 3,469.0  3,407.9  3,253.5

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