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Virgin Media Posts Revenue Increase for Q2

Telecom and broadband service provider Virgin Media has registered rise in the total revenue generated during the second quarter of the current fiscal year.

According to CBR, Virgin Media has reported total revenue of £985.8 million for the second quarter that ended on June 30 this year, which is nearly 2.2 percent up from £964.2 million registered during the same quarter last year.

"The increasing demand is evident in a 25% increase in data consumption among Virgin Media's customers in just six months who have watched and downloaded more content then ever before," the chief executive officer of Virgin Media Neil Berkett stated during the earnings call meeting.

Berkett added that the rise in revenue is the result of company’s continuous effort to provide its users a high quality service keeping in mind their needs and requirements. He also revealed that more than 50 percent of its total user base is opting for broadband speed higher than 30 Mbps in comparison to only 18 percent last year.

The group is leaving no stone unturned in order to become the top brand in the country. Recently, it tested broadband speed up to 1.5 GB at Tech Hub in London.