Virgin Media O2 will publish its Q1 2024 financial results on 2nd May 2024

Q4/FY22 financial results


Fixed Line customers

(↑ 16,000 in Q4)


Total Mobile connections

(↑ 495,000 in Q4)


Transaction Adjusted Revenue

(↑ 0.4% in Q4)


Transaction Adjusted EBITDA

(↑ 10.2% in Q4)


Exceeded our 30% of £540 million run-rate synergies target and on track to achieve over 50% by the end of 2023.

In our first full year as Virgin Media O2, we reinforced our position as the biggest challenger in the market. We delivered a strong performance against our guidance, took big steps forward in our integration plans, hit our synergy targets, and showed the commercial momentum of our merged business despite a challenging macroeconomic backdrop.

We invested £2.1 billion in 2022 to deliver even more for our customers while bringing gigabit speeds and 5G to new parts of the country, with plans to accelerate the rollout this year – providing more choice and enhancing competition like never before. This investment, combined with continued innovation and our unwavering customer-first approach, delivered an increase in our fixed and mobile contract bases, as well as driving convergence with 1.3 million people now taking one of our Volt bundles.

We have firm foundations in place, a clear strategy and a team that’s focused on building long-term commercial momentum and I’m confident we’ll deliver our 2023 guidance.

Lutz Schüler - Chief Executive Officer

Investor information

For further investor information please visit the investor websites of Liberty Global and Telefónica.

8-K form Liberty Global investor site Telefónica investor site

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