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Virgin Media Increases Revenue in Q3; Mostly from UK Broadband Services

In the UK, Virgin Media is making a huge amount of money from cable broadband service customers.

This information was revealed after a quarterly filing with the U.S. Securities and Exchange Commission. The same report also showed mild increment in revenue from the cable business for Virgin Media.

During the quarter, which ended on 30th September, 2011, revenues rose to £685m million as compared to £662.6m during the same quarter last year. Revenue generated from the companies fibre-optic cable services made up 68.5 percent of its total revenue for the same quarter.

Thus, overall in this quarter, Virgin Media made £1 billion in revenue which means a 2.2 per cent increase on the £978.4 million revenue made during the same period last year.

In a statement, the company said, " In our consumer segment, cable customers account for the majority of our revenue," as reported by The Register.

"Cable broadband Internet is more profitable than our television services," the company added.