Virgin Mobile Q2 Sub Losses Not as Bad as Forecast
Virgin Mobile (VM) posted Q2 revenue this afternoon of $317.4 million and profits of 7 cents a share, better than the Street consensus of $314 million and 2 cents. The company posted net service revenue of $291.4 million, in line with its forecast of $285 million to $295 million. Virgin had adjusted EBITDA of $32.3 million in the quarter, better than its forecast level of $19 million to $23 million. The company lost 111,000 net subscribers in the quarter, less than its forecast of 130,000 to 160,000.
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