DirecTV 1Q profit rises, but US subscribers down

May 08, 2012

(AP) -- DirecTV Inc. said Tuesday that its first-quarter net income rose 8.5 percent, driven by subscriber growth in Latin America. But the number of subscribers added in the U.S. declined.

The country's largest earned $731 million, or $1.07 per share, for the three months ended March 31. That's up from $674 million, or 85 cents per share, a year ago.

Analysts polled by FactSet expected earnings of $1.05 per share.

Revenue rose 12 percent to $7.05 billion from $6.32 billion, topping Wall Street's $7.03 billion estimate.

The El Segundo, Calif., company added a net 593,000 subscribers in Latin America, up from 427,000 in the prior-year period. But the company was less profitable in the region because of the cost of signing up and providing services for those subscribers.

In the U.S., net subscriber gains fell to 81,000 from 184,000. Programming and general costs rose.

In total, DirecTV added 674,000 net subscribers from January through March. It ended the quarter with 8.5 million subscribers in and 20 million subscribers in the U.S.

Shares of fell 79 cents, or 1.7 percent, to $47.11 in late morning trading. Over the past year, the stock has traded between $39.82 and $53.40.

Explore further: SK Hynix posts Q1 surge in net profit

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Dish profit down 34 pct, but adds subscribers

May 07, 2012

(AP) -- Satellite TV provider Dish Network Corp. said Monday that it added subscribers in the first quarter, but net income dropped 34 percent and revenue growth fell short of Wall Street expectations.

Dish Network 3Q earnings climb 30 percent

Nov 07, 2011

(AP) -- Dish Network Corp. posted another loss of subscribers from its slowly dwindling satellite-TV business, even as larger competitor DirecTV adds to its base.

Dish Network 4Q profit falls, gains subscribers

Mar 01, 2010

(AP) -- Dish Network's aggressive advertising blitz grabbed more subscribers for the third straight quarter, the company reported Monday, though that cut into profits during the final three months of the year.

DirecTV shows subscriber gains, as rivals see loss

Nov 05, 2009

(AP) -- Satellite TV operator DirecTV Group Inc. was one of the few pay-TV companies to attract new subscribers in the third quarter, as it reported revenue growth of 10 percent that was partly offset by higher costs to attract ...

Verizon 1st-qtr profit, revenue beat expectations

Apr 27, 2009

(AP) -- Verizon Communications Inc. said Monday its earnings grew 5 percent in the first quarter, boosted by its acquisition of Alltel Corp. and strong demand for its wireless, Internet and TV services.

Recommended for you

SK Hynix posts Q1 surge in net profit

3 minutes ago

South Korea's SK Hynix Inc said Thursday its first-quarter net profit surged nearly 350 percent from the previous year on a spike in sales of PC memory chips.

Zynga founder Pincus leaving operations role

11 hours ago

Online game maker Zynga says company founder Mark Pincus is stepping down as chief product officer, less than a year after he was replaced as the company's CEO.

Amazon Prime wins streaming deal with HBO

15 hours ago

Amazon scored a deal Wednesday to distribute old shows from premium cable TV channel HBO to its monthly Prime subscribers, landing a blow on rival Netflix in the streaming video battle.

User comments : 0

More news stories

Brazil enacts Internet 'Bill of Rights'

Brazil's president signed into law on Wednesday a "Bill of Rights" for the digital age that aims to protect online privacy and promote the Internet as a public utility by barring telecommunications companies ...

Is nuclear power the only way to avoid geoengineering?

"I think one can argue that if we were to follow a strong nuclear energy pathway—as well as doing everything else that we can—then we can solve the climate problem without doing geoengineering." So says Tom Wigley, one ...

US urged to drop India WTO case on solar

Environmentalists Wednesday urged the United States to drop plans to haul India to the WTO to open its solar market, saying the action would hurt the fight against climate change.

FDA proposes first regulations for e-cigarettes

The federal government wants to prohibit sales of electronic cigarettes to minors and require approval for new products and health warning labels under regulations being proposed by the Food and Drug Administration.

Vermont moves toward labeling of GMO foods

Vermont lawmakers have passed the country's first state bill to require the labeling of genetically modified foods as such, setting up a war between the behemoth U.S. food industry and an American public that overwhelmingly ...