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virgin media. FINAL_VM_Q208_Press_Release
Virgin Media reported its second quarter 2008 results, showing growth in operating cash flow and continued low customer churn. Key highlights included a 5.3% increase in total subscribers to over 12 million, operating cash flow growth of 5.4%, and record triple-play penetration of over 53%. However, the company also reported a net loss of £333 million due to a non-cash goodwill impairment charge related to its mobile segment. The CEO commented that the company has strengthened its customer base and network capabilities while reducing costs, and will continue focusing on next-generation broadband and on-demand TV to drive future growth.
