DirecTV Q3 profits up 9%
US satellite TV giant DirecTV reported higher third-quarter earnings as its US pay TV subscriber growth momentum slowed. The company posted a profit of $565 million, up 9 per cent from the year-ago period. Revenue rose 8 per cent to $7.42 billion.
DirecTV signed up 67,000 new US pay TV subscribers in the third quarter. In the year-ago period, the company had signed up 327,000 new U.S. subscribers.
The DirecTV Latin America unit continued to grow its user base, adding 543,000 subscribers in the third quarter, slightly down from 574,000 in the year-period.