Neil Berkett, Chief Executive Officer of Virgin Media, said:
“I am pleased to report that this quarter’s results delivered a strong OCF performance. I believe this demonstrates the success we have had in significantly differentiating and monetizing our compelling consumer proposition. Our triple-play penetration is at record levels and over 10% of our customers now take all four services from us. Our focus remains on attracting high value customers, who buy more from us and stay with us longer. This strategy has led to the second successive quarter of record ARPU and strong consumer revenue growth. I am delighted that these results show we are progressing significantly in this regard.”
In plainer english, here's the (very positive) Digital Spy interpretation of the numbers.
"Virgin Media beat analysts' forecasts for the third quarter, adding 8,100 net new cable TV households and boosting revenues by 1.3% to £953m.
"Overall, the company added 17,800 new customers in the third quarter.
"The cable operator reported a year-on-year increase in operating cash flow (OCF) – broadly equivalent to earnings before interest, tax, depreciation and amortisation (EBITDA) – of 6.8% to £348m for the quarter ended 30 September.
"Average revenue per user rose 5.3% to a record £44.24, almost a pound per user ahead of average analysts' forecasts."