Virgin Media Reports Fourth Quarter 2008 Results
Wednesday, February 25th, 2009
- 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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