U.S. Biz Boosts DirecTV Gains

DirecTV boosted revenues in its fourth quarter by 4% -- mostly from gains in its U.S. business.

Overall, company revenues were at $8.92 billion, with net income slightly less to $778 million from $810 million. Lower operating profits from DirecTV’s Latin America operations contributed to the drop.

U.S. revenues were up 5% $7.14 billion, with the average DirecTV home paying $117.30 a month, up 5%. But its average DirecTV home in Latin America sank to $46.48 from $51.47.

For the period, DirecTV said in the U.S. there were higher advanced receiver service fees, higher advertising sales, increased commercial business revenues and higher set-top-box lease fees.

DirecTV U.S. ended the year with 20.35 million subscribers, and DirecTV gained 149,000 U.S. net subscribers.

DirecTV's Latin America business witnessed a 118,000 gain in subscribers -- now totaling 12.5 million. Revenue was down to $1.73 billion from $1.768 billion. DirecTV SkyBrazil remained essentially the same at 5.6 million, with revenue dipping to $923 million from $963 million.

Most of these results met or slightly exceeded expectations. DirecTV’s stock was basically flat after the market’s opening -- up 0.07% to $87.40.



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