Friday, 3 April 2009

Virgin Mobile declares quarterly and full year results - USA

Virgin Mobile USA has declared its Q4 and full year results for 2008. Virgin registered a net loss of USD 4.4 million in Q4 2008, as compared to a net loss of USD 14.7 million in Q4 2007. However, the company has shown an increase in its net income to USD 7.9 million for 2008, as compared to USD 4.2 million in 2007. Virgin has also seen an increase of 6% in its subscriber base in 2008.

The prepaid MVNO witnessed a decline in their rate of CHURN to 4.8% in Q4 2008, against 5.5% in Q3 2008 and 5.1% in Q4 2007. Virgin Mobile reported a 4% increase in ARPU to USD 21.14 in Q4 2008. However, the ARPU declined 4% for the full year to USD 20.30, as compared to USD 21.24 in 2007. According to the Virgin Mobile, ARPU in Q4 was boosted by the launch of its hybrid plans from Q2 2008.