DirecTV revenues up 13%

DirecTV has reported increases in fourth quarter 2011 revenues of nearly 13 per cent to $7.46 billion, operating profit before depreciation and amortisation (OPBDA) of 6 per cent to $1.78 billion and operating profit of 14 per cent to $1.21 billion compared to last year’s fourth quarter. DirecTV also reported that fourth quarter net income increased 16 per cent to $718 million while diluted earnings per share grew 38 per cent to $1.02 compared with the same period last year.

Mike White, president and CEO of DirecTV, commented: “Strong consumer demand for DirecTV and Sky’s premium brands drove full year gross additions in both our US and Latin American businesses to all-time highs fueling the largest annual net gain in DirecTV ‘s history of nearly 3.7 million subscribers including Sky Mexico. The tremendous subscriber performance along with solid ARPU growth fueled an acceleration of full year consolidated revenue growth to 13 per cent exceeding the growth rates recorded over the past two years. In addition, earnings per share grew by over 50 per cent in 2011 due to the higher operating profit at both DirecTV US and Latin America, as well as our share repurchase programme.”

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