Earnings: DirecTV Q4 Revs Up 17 Percent; Interest Expenses Up; Latin America, HD, DVRs Provide Boost


DirecTV (NYSE: DTV) reported Q4 revenue of $4.9 billion, a 17 percent year-on-year increase from $4.18 billion. Net income declined slightly to $348 million ($.30 per share) from $356 million (.29 per share). The company attributed the top-line growth to increased subscribers, higher average revenue per user (ARPU) and better performance at its Latin America unit. Meanwhile, the FCC has still not given an official ruling on Liberty’s acquisition of News Corp’s stake in the company. Some highlights:

— ARPU was up 8.3 percent in the quarter to $87.40. The company attributed this to the popularity of DVRs, HD and an increased number of receivers per household.

— Net subscribers adds of 275,000 at DirecTV US was flat year-over-year. Total subscribers now stand at 16.83 million, 5.4 percent more than what the company had a year ago.

— Op profit before depreciation and amortization was up 21 percent, with income lowered by higher interest expenses.

Release | Webcast (2:00 PM ET)

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