DirecTV Q2 up 5%
July 31, 2014
DirecTV, the US satellite TV provider, has reported that Q2 2014 revenues increased 5 per cent to $8.11 billion (€6bn) , reported operating profit before depreciation and amortisation (OPBDA) increased 3 per cent to $2.15 billion, reported operating profit increased 5 per cent to $1.42 billion and reported diluted earnings per share increased 35 per cent to $1.59 compared to last year’s second quarter.
“Building on our first quarter momentum, DirecTV delivered yet another excellent quarter of operating and financial results,” said Mike White , President and CEO of DirecTV. “We continue to extend our position as the world’s largest pay-TV service with industry leading growth by leveraging the strength of our premier brands and distinctive products and service offerings throughout the Americas.” White added, “DirecTV Latin America’s second quarter results highlight the tremendous success of our unparalleled FIFA World Cup coverage, while DirecTV US continues to successfully execute on our overarching goal to balance top line sales with bottom line profitability. Overall, DirecTV continues to deliver on our strategic imperatives as we prepare for the exciting opportunities that our merger with AT&T will bring to our customers, employees and key stakeholders.”