Virgin Media (Nasdaq: VMED) reported earnings on May 8. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Virgin Media met expectations on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue expanded slightly and GAAP earnings per share expanded.

Margins improved across the board.

Revenue details
Virgin Media reported revenue of $1.61 billion. The six analysts polled by S&P Capital IQ expected net sales of $1.60 billion on the same basis. GAAP reported sales were 2.1% higher than the prior-year quarter's $1.58 billion.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.03. The two earnings estimates compiled by S&P Capital IQ anticipated $0.26 per share. GAAP EPS of $0.03 for Q1 were 200% higher than the prior-year quarter's $0.01 per share. (The prior-year quarter included -$0.01 per share in earnings from discontinued operations.)

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 58.6%, 50 basis points better than the prior-year quarter. Operating margin was 13.5%, 200 basis points better than the prior-year quarter. Net margin was 0.7%, 40 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $1.65 billion. On the bottom line, the average EPS estimate is $0.39.

Next year's average estimate for revenue is $6.65 billion. The average EPS estimate is $1.61.

Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Virgin Media is outperform, with an average price target of $33.12.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.