DirecTV swings back to profit
Links:
Also in DTG News ...
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.
Links open in a new window. The DTG is not responsible for the content of other web sites.