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: Nokia profits rise after sale of handset division

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

Report: China to declare Qualcomm a monopoly

3 hours ago

(AP)—Chinese regulators have concluded Qualcomm Inc., one of the biggest makers of chips used in mobile devices, has a monopoly, a government newspaper reported Friday.

Nokia profits rise after sale of handset division

Jul 24, 2014

(AP)—Telecommunications and wireless equipment maker Nokia Corp. saw its shares surge on Thursday after it reported higher profits and an improved earnings outlook in the wake of its sale to Microsoft of its troubled handset ...

User comments : 0