August 4, 2013
Virgin Media said that 44% of its TV customers have now opted to take its TiVo DVR service, and that it is adding an average of almost 14,000 TiVo customers per week.
Announcing its second quarter results, the UK cable operator, which was recently acquired by Liberty Global, said that it added 155,000 TiVo subscribers in Q2, resulting in 1.7 million of Virgin Media’s 3.8 million TV subscribers now taking the service.
The firm also added 249,000 super-fast broadband customers in the quarter, taking this figure to 2.8 million, or 64% of TiVo’s 4.3 million broadband subscribers. Over the last year, total subscriptions for cable services were up 169,000 to 12.2 million.
“In this past year we’ve added TiVo subscribers at an average of almost 14,000 each week and already 44% of all our TV customers are paying extra for what we believe is the best way to watch television,” said Virgin Media CEO Tom Mockridge.
“Taking that experience onto other devices and out of the home, Virgin TV Anywhere now offers more channels to watch online than any other UK pay-TV company. Together these services are transforming how people expect to be entertained.”
Revenue for the three months ending June 30, 2013, came in at £1,027 million (€1,178 million), consistent with the same period last year. Operating income was £66.7 million, compared to £179.6 million last year.