In 2023, Virgin Media O2 reported an operating loss of 2,457 million British pounds, representing a significant downturn compared to the previous year. In 2022, the company achieved an operating income of 196.9 million British pounds, marking a substantial decrease. According to company reports, Virgin Media O2’s operating loss in 2023 can be attributed to a combination of a large goodwill impairment, rising debt costs, and tighter cash flows.
Operating income of Virgin Media O2 in the United Kingdom from 2010 to 2023
(in million GBP)
In June 2021, Liberty Global and Telefonica entered into a joint venture to form Virgin Media O2 UK Holdings Limited (VMED O2), formerly Virgin Media Ltd. and O2 Holdings Ltd. The 2021 annual report and financial statements therefore reflect the seven-month period from the formation of VMED O2 on 1 June 2021 through to 31 December 2021. The revenue for 2020 was also adjusted.
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Virgin Media, & Virgin Media O2. (February 21, 2024). Operating income of Virgin Media O2 in the United Kingdom from 2010 to 2023 (in million GBP) [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/290076/virgin-media-operating-income/
Virgin Media, und Virgin Media O2. "Operating income of Virgin Media O2 in the United Kingdom from 2010 to 2023 (in million GBP)." Chart. February 21, 2024. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/290076/virgin-media-operating-income/
Virgin Media, Virgin Media O2. (2024). Operating income of Virgin Media O2 in the United Kingdom from 2010 to 2023 (in million GBP). Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/290076/virgin-media-operating-income/
Virgin Media, and Virgin Media O2. "Operating Income of Virgin Media O2 in The United Kingdom from 2010 to 2023 (in Million Gbp)." Statista, Statista Inc., 21 Feb 2024, https://www.statista.com/statistics/290076/virgin-media-operating-income/
Virgin Media & Virgin Media O2, Operating income of Virgin Media O2 in the United Kingdom from 2010 to 2023 (in million GBP) Statista, https://www.statista.com/statistics/290076/virgin-media-operating-income/ (last visited November 23, 2024)
Operating income of Virgin Media O2 in the United Kingdom from 2010 to 2023 (in million GBP) [Graph], Virgin Media, & Virgin Media O2, February 21, 2024. [Online]. Available: https://www.statista.com/statistics/290076/virgin-media-operating-income/
