DIRECTV Group announced earnings before the market opened today, and Wall Street seems happy with what they see from the satellite television provider. The numbers, covering the fourth quarter results from 2007, show strong revenue and subscriber growth.
Overall, net subribers grew by 35% to 474,000. Of these, DIRECTV US net subscribers increased by 275,000 and while DIRECTV
Revenue was also strong.
While revenues were on the rise, bottom line earnings were mediocre. Per share income was .30 cents a share vs .29 in the fourth quarter 2006. The company attributed anemic bottom line performance to higher interest payments.
Average monthly revenue per subscriber (ARPU) was stellar, growing 8.3% in the
The company also attributed its low churn rate of 1.42%, to the growth in customers with HD and DVR services. The churn rate was the lowest in eight years for DIRECTV. Such “advanced services” helped protect the company during the recent financial downturn.
Investors sent DIRECTV’s stock, symbol DTV up 95 cents to $24.83 at the close of trading Wednesday. Over 9 million shares traded hands for the day.



1 comment so far ↓
The main problem with DirectTV is that they don’t offer online viewing so those of us who are out of the country are unable to watch even if it is in HD. I’d rather they chose a different carrier.
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