Virgin Media’s revenue creeps back up into positive figures

Virgin Media has announced some positive financial figures, following a shaky last quarter, and concerns that last year's acquisition by Liberty Global wasn't doing the company any favours.

Revenue was up, albeit not by a huge amount, with a 1 per cent increase seeing total takings of £1.04 billion (that's still down on the same quarter last year, when revenue grew by 3.6 per cent). It's certainly better than the previous quarter's 1 per cent dip, though.

Virgin Media announced that it had grown its TV subscriber base by 15,000, and put on some 40,000 broadband customers. The company now has 4.9 million cable customers in the UK.

According to the Guardian, Tom Mockridge, CEO, said: "Virgin Media's positive momentum as part of Liberty Global continues. We have added twice as many customers as the same period a year ago."

Virgin is also pushing forward with new quad-play bundles, offering TV, landline, broadband and mobile phone packages under one umbrella.

One of these, the Big Kahuna bundle, costs £45 per month and boasts 152Mbps broadband, Virgin's recently introduced top-of-the-line offering, with TiVo and 230 TV channels (40 in HD) – and with the quad-play option this also throws in a SIM with unlimited minutes, texts and 250MB of data for an extra £5 per month (for a total outlay of £50).

Currently, these quad-play bundles are only available to existing customers, but they'll be accessible to newcomers to Virgin Media by the end of the month.