DirecTV Adds Fewer Subscribers in First Quarter
DirecTV on Tuesday reported increased first-quarter financials.
The satellite TV giant, led by CEO Mike White, posted earnings of $731 million, up 8 percent. Revenue grew 12 percent to $7.05 billion.
The company added 81,000 U.S. subscribers in the latest period, compared with 184,000 additions in the year-ago quarter. It ended March with 19.97 million subscribers. In Latin America, DirecTV added 593,000 subscribers, compared with 427,000 in the year-ago period.
"DirecTV delivered another strong quarter of financial and operating results highlighted by double-digit revenue, earnings per share and cash flow growth, fueled in part by another quarter of record-setting subscriber growth in Latin America," said White. "Our industry leading revenue and earnings growth continues to be driven by the strength of our premier brands, popularity of our differentiated product and service offerings, and an enhanced focus on achieving operational excellence through effective cost management."