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DIRECTV Content with 2Q Results
DIRECTV described its second quarter performance as another solid three-month period for the company, thanks to an increase in revenues, a doubling of cash flow, strong subscriber gains and lower churn.
Highlights for the quarter, details for which were released Thursday, included a 16 percent jump in revenues, to $4.81 billion, an increase attributed to strong ARPU (average revenue per unit) and subscriber growth at DIRECTV U.S. and DIRECTV Latin America. ARPU for the U.S. DIRECTV segment jumped to $81.80
Also, cash flow before interest and taxes more than doubled to $1.34 billion.
The average monthly subscriber churn for DIRECTV U.S. stood at 1.49 percent at the close of the quarter, an improvement on the 1.58 percent in churn reported for the same period last year.
DIRECTV netted 129,000 subscribers in the second quarter, essentially flat when compared to the 128,000 customers enrolled during the same period last year. The additions put DIRECTV's final subscriber count at 17.16 million as of June 30.
The DBS service reported a decline in gross additions, to 894,000 for the quarter, which the company said was due to the end of its AT&T distribution agreement in the former BellSouth territories on April 1.
In a conference call with analysts, DIRECTV CEO Chase Carey said the economy has "had a limited impact. I wouldn't say no impact. But the economy has had a limited impact." Carey also said DIRECTV is watching what he called "increased competitive pressure" for the pay-TV business.
In addition, Carey said the DIRECTV 11 satellite went operational last week. The extra capacity delivered by the bird will allow the DBS platform to expand national HD channels to 130 and local high-def markets to 120.
Carey also wouldn't comment on talk about a future merger with small dish rival DISH Network or any possible partnership with the DBS company. As for the DBS merger rumors that surfaced this week, Carey dismissed the speculation, musing that the Wall Street Journal "needed to fill a page."
DIRECTV described its second quarter performance as another solid three-month period for the company, thanks to an increase in revenues, a doubling of cash flow, strong subscriber gains and lower churn.
Highlights for the quarter, details for which were released Thursday, included a 16 percent jump in revenues, to $4.81 billion, an increase attributed to strong ARPU (average revenue per unit) and subscriber growth at DIRECTV U.S. and DIRECTV Latin America. ARPU for the U.S. DIRECTV segment jumped to $81.80
Also, cash flow before interest and taxes more than doubled to $1.34 billion.
The average monthly subscriber churn for DIRECTV U.S. stood at 1.49 percent at the close of the quarter, an improvement on the 1.58 percent in churn reported for the same period last year.
DIRECTV netted 129,000 subscribers in the second quarter, essentially flat when compared to the 128,000 customers enrolled during the same period last year. The additions put DIRECTV's final subscriber count at 17.16 million as of June 30.
The DBS service reported a decline in gross additions, to 894,000 for the quarter, which the company said was due to the end of its AT&T distribution agreement in the former BellSouth territories on April 1.
In a conference call with analysts, DIRECTV CEO Chase Carey said the economy has "had a limited impact. I wouldn't say no impact. But the economy has had a limited impact." Carey also said DIRECTV is watching what he called "increased competitive pressure" for the pay-TV business.
In addition, Carey said the DIRECTV 11 satellite went operational last week. The extra capacity delivered by the bird will allow the DBS platform to expand national HD channels to 130 and local high-def markets to 120.
Carey also wouldn't comment on talk about a future merger with small dish rival DISH Network or any possible partnership with the DBS company. As for the DBS merger rumors that surfaced this week, Carey dismissed the speculation, musing that the Wall Street Journal "needed to fill a page."