DirecTV continues to grow subscriber base and revenues

Satellite provider DirecTV (Nasdaq: DTV) showed that a pay TV company can add subscribers and make money at the same time.

The largest satellite TV company in the United States said it added 611,000 new subscribers in the first quarter--427,000 in Latin America and 184,000 in the U.S.--and jacked up revenues 13 percent to $6.32 billion. Operating profit was up 21 percent to $1.16 billion year-over-year and first quarter net income jumped 21 percent to $674 million, the company said.

The subscriber gains were the second highest total behind 667,000 subscribers who cam aboard in the fourth quarter last year and are part of "one of our best years ever," said Mike White, president-CEO.

For more:
- see this news release

Related articles:
Dish, DirecTV plunge into VoD business as movie theaters balk
DirecTV could be ready to challenge Netflix
DirecTV plots ambitious broadband connection campaign

Suggested Articles

NCTA-The Internet and Television Association is pointing to a new report that shows the cable industry had a $450 billion impact on the U.S. economy in 2018.

CBS is warning viewers that AT&T’s pay TV services including DirecTV, DirecTV Now and U-verse could lose CBS broadcast networks soon if a new agreement isn…

Ultimately, operators will need to begin now to adopt a new data-centric approach, knowing that changes may take years to accomplish.