DirecTV, 4th quarter sees Net Declines 2.2%; Revenue Increases 17%

by: pradaph Total views: 22 Word Count: 141

The largest satellite television provider in the country DIRECTV’s stock rose on its good fourth quarter results that reported exceeded than the street expectations. The small decrease in profit was due to its spending towards in setting the high-definition television

DVR’s. Increase in interest payments on its debts has put its fourth quarter earnings by 2% down but its revenue has gone up by 17% on excellent customer subscription growth.

The earnings perceptive of DIRECTV’s Fourth quarter:-

Revenue increase by 17%( U.S revenue=14%, Latin America revenue=41%)

Operating Profit Before Depreciation increase by 21%( U.S=14%, Latin America increase by two fold)

Subscriber addition 35%(U.S=275,000, Latin America=199,000)

The subscriber addition has beaten the expectations of the analyst.

Chase Carey, president and CEO of The DIRECTV Group, Inc said the net subscriber addition of 275,000 is due to DIRECTV’s lowest monthly churn rate in eight years even in slowing U.S. economy.

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