DirecTV Q4 profit rise

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US satellite TV provider DirecTV has reported that profit and revenue rose in the fourth quarter after it added 103,000 net subscribers.

Net income attributable to DirecTV rose to $942 million compared with $718 million a year ago. Revenue rose 8 per cent to $8.05 billion.

In the US it added 103,000 net subscribers. In Latin America, the greatest driver of its business, it added 658,000 NET subscribers.

The company also authorized a new $4 billion stock repurchase programme. In December, DirecTV Group said its service fees will rise an average 4.5 per cent in February due to increasing programming costs.


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