Virgin Media’s TiVo service is now available in close to half of the cablenet’s homes.
In its third quarter financials released today, Virgin said 49% of installed base are now using the broadband-enabled DVR. 1.8 million subscribers now have TiVo boxes, an increase of 165,000 in Q3 and 679,000.
In addition 45% of new subscribers signing up in the third quarter chose broadband speed of 60 Mbps or faster.
“This summer we saw heightened marketing and promotions around the launch of BT Sport yet, while not chasing growth at any cost, we again increased the number of customers we serve,” said Tom Mockridge, Virgin Media’s chief executive officer. “We are seeing people’s demand for faster broadband accelerate, even after we had completed our programme to double customers’ speeds earlier this year. A quarter of a million more homes are now getting 30Mb or faster from us than three months ago, with over 45% of our new subscribers choosing 60Mb or above.”
Virgin recorded revenues of £1.023 billion, a like for like increase of 2%, when accounting differences between Virgin and new owners Liberty Global are taken into account.
Total subscriptions for cable services increased by 85,000 to 12.2 million in the last 12 months.
Average revenue per customer (ARPU) is up £1.49 to £48.00
