AT&T Acquisition DirecTV adds 26,000 Subscribers in Third Quarter

AT&T said it ended the quarter with more than 25 million U.S. video subscribers, with DirecTV and U-verse combined.

AT&T's DirecTV added 26,000 subscribers in the third quarter while the telecom company's U-verse television service lost customers, AT&T said Thursday while reporting quarterly earnings.

AT&T said it ended the quarter with more than 25 million U.S. video subscribers, with DirecTV and U-verse combined.

The company said its overall revenue rose 19 percent to $39.1 billion in the third quarter, with a good chunk of the increase attributed to its recently completed acquisition of DirecTV, the satellite TV company. Excluding certain items, the company earned 74 cents per share, up from 65 cents a year earlier.

The results were largely in line with expectations, and the stock was 2 percent higher in after-hours trading after closing 1 percent higher to $33.96 during the regular session.

AT&T's Entertainment and Internet Services division notched $10.9 billion in revenue, up from $5.6 billion a year ago, prior to the addition of DirecTV. 

"Our early integration efforts with DirecTV are going very well and we've just begun to scratch the surface on the video, wireless and broadband cross-selling opportunities," AT&T CEO Randall Stephenson said Thursday.

Email: Paul.Bond@THR.com

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