Operating income of Virgin Media O2 in the UK 2010-2023
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.