Virgin Mobile's first quarter earnings: down, but good times supposedly ahead
Virgin Mobile's warnings of a bleak quarter were pretty dead-on, with a mere 17,772 net adds coming on board during the three-month time frame ending March 31 -- not quite the blockbuster 309,721 reported in the same period a year ago. Similarly, revenue and income both took a dive, supposedly in part due to a big marketing push focused on the MVNO's new pricing plans. If there's a silver lining on the dark, rumbling cloud, though, it's that the CEO believes they'll start to see some positive growth again in the third quarter after a weak second (for his sake, we hope he's right). Also notable was a mention that although the company had no strategic partnerships, alliances, or investments to announce, it was definitely open to "non-organic growth" in the form of another MVNO or "capability." Wonder what he may have been talking about there?[Via mocoNews]
Filed under: Virgin Mobile, MVNOs
Reader Comments (Page 1 of 1)
coolbho3000 @ May 11th 2008 1:27PM
Their profits are down because so many people are boycotting them.
Go net neutrality!
WillPS @ May 11th 2008 5:08PM
You guys need to stop using that logo. That one implies Virgin Mobile UK which is wholly owned by Virgin Media (the infinity symbol is Virgin Media's).
Since this refers to the (entirelely seperate) US company, you should use the old one, on virginmobile.com
Ashraf @ May 11th 2008 6:38PM
Virgin Mobile is Virgin Mobile.