Virgin Media Q3 Results Solid Beat Vs. Consensus

Virgin Media, Inc.

Q3 results saw a solid beat vs, consensus and DBe, Deutsche Bank reports, saying that an operation “to reduce convertible dilution is further positive.” Q3 revenues 0.8% ahead of consensus (+0.2% vs DBe), 2.9% ahead on OCF/EBITDA (1.5% vs DBe) and 4.4% ahead on FCF (1.5% ahead of DBe). The company has announced pre-registration for 100Mbps broadband service to be rolled out from Dec this year, which Deutsche Bank believes should help positioning. Virgin Media currently trades at $24.75.