DirecTV posts solid quarter
August 11, 2008
The outfit, of which Liberty Media owns a controlling interest, reported earnings of $455 million on second-quarter revenue of $4.8 billion. DirecTV's revenue jumped 16 per cent from the $4.1 billion it recorded in the second quarter of 2007, though quarterly profits grew only 2 per cent from the $448 million from a year ago.
DirecTV added 129,000 new customers in the quarter, reaching 17.2 million subscribers in the US