TiVo driving Virgin Media growth

Virgin Media ended September with 1.14 million TiVo subscribers, meaning 30% of the UK cable operator’s TV customers take the next-generation service.

Virgin Media launched TiVo during the first half of 2011 and added 205,900 new customers during the latest quarter. The success of TiVo helped to increase the number of customers paying for TV services by 52,200 in the third quarter.

By the end of September, Virgin Media had a total of 4.85 million cable customers. It added 39,500 new customers during the third quarter, compared to 6,300 during the same period in 2011.

The number of customers taking broadband services with speeds of 30Mbps and above increased by 452,900 to 1.8 million.

Virgin Media reported third quarter revenue of £1.028 billion (€1.263 billion), up 2.8% year-on-year.

Tags: TiVo, UK, Virgin Media