Virgin’s TiVo base will reach 1 million this week

Virgin Media is poised to sign its one millionth TiVo customer this week.

The operator said it ended June with a total of 938,800 TiVo customers having added 261,700 during the quarter and would reach the one million landmark this week. A quarter of all Virgin Media TV customer’s base now take TiVo, and the success of its next generation platform is driving the overall number of pay TV customers, which increased by 37,800 in the quarter to 3,767,700.

The cable operator is also seeing growth in its high-speed broadband products, with the number of customers taking services with speeds of at least 30Mbps increasing by 460,000 in the second quarter to a total of 1.3 million.

The uptake of higher priced services saw Virgin Media’s cable ARPU increase to £48.82 (€62.65) from £47.35 a year earlier.

The operator ended June with a total cable subscriber base of 4,812,100, up from 4,784,300 a year earlier. Revenues increased by 4.2% year-on-year to £1.03 billion.

Neil Berkett, CEO of Virgin Media, said: “This has been a quarter of improved revenue and OCF growth. We are well placed to benefit from the fast-growing demand for superfast broadband and TiVo positions us well to lead the evolving TV market. Customer ARPU and churn have improved and, together with our growing Business division and great value mobile offerings, we have maintained steady financial progress across the company which is translating into strong free cash flow as well as continued shareholder returns.”