US satellite television provider DirecTV yesterday announced it had swung back into profit in its second quarter.
The News Corporation-controlled broadcaster posted a quarterly profit of $162m, its first profit in two years, up from a year-ago loss of $13.3m, as revenues rose 34% to $3bn.
DirecTV recorded a net gain of 225,000 new customers in the period, taking its total subscriber base to 14.7m.
Average revenue per customer rose more than 4% to $67.79 on the back of higher subscription prices and multiple receiver packages.
"Our second quarter results are indicative of the substantial profit and cash-generating potential of DirecTV US," said Chase Carey, president and CEO.
After announcing the results Carey said DirecTV was exploring how best to enter the market for wireless broadband services.
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