Member access

4-Traders Homepage  >  Shares  >  Nasdaq  >  DIRECTV    DTV   US25490A3095

DIRECTV (DTV)

30
SummaryQuotesChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll news 

DirecTV 4th-Quarter Net Up 31% on Latin America Growth

02/14/2013 | 09:35am US/Eastern
   By Ben Fox Rubin 
 

DirecTV's (>> DIRECTV) fourth-quarter income jumped 31% as the satellite-television operator's subscriber base and revenue in Latin America saw strong growth.

The company's board also authorized a new $4 billion buyback program. The company's market value is currently $31.2 billion, according to FactSet.

DirecTV has focused on Latin America as a source of growth, as the company also hones in on high-value customers in the maturing U.S. pay-TV market. Although the company has aggressively gained market share in countries such as Mexico, Brazil and Columbia, it could face new competition from Dish Network Corp. (>> DISH Network Corp.), which has been looking to expand into Brazil.

DirecTV's Latin American segment reported revenue of $1.67 billion for the quarter, up 22% from a year earlier. The unit added 658,000 new subscribers, compared with 590,000 subscriber additions in the region a year earlier. The company now has about 10.3 million subscribers in Latin America, up from 7.9 million a year ago.

In DirecTV's U.S. business, which is still much larger, revenue for the quarter rose 4.8% to $6.32 billion. The unit tacked on 103,000 subscribers, down from 125,000 subscriber additions a year earlier. The U.S. subscriber base stood at 20.1 million at the end of the quarter, up 1% from a year ago.

For the latest quarter, average monthly subscriber churn, or subscriber turnover, in the U.S. was 1.43%, down from 1.52% a year ago. In Latin America, the total churn rate was up at 1.75%, from 1.65% a year earlier.

DirecTV reported a profit of $942 million, or $1.55 a share, up from $718 million, or $1.02 a share, a year earlier. Revenue grew 7.9% to $8.05 billion.

Analysts polled by Thomson Reuters had most recently forecast a profit of $1.13 a share on revenue of $8.03 billion.

Shares closed Wednesday at $51.67 and were inactive premarket. The stock is up 7.1% over the past three months.

Write to Ben Fox Rubin at ben.rubin@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stocks mentioned in the article : DIRECTV, DISH Network Corp.
Latest news on DIRECTV
1d ago DIRECTV : Trustees and owner of DirecTV installer ordered to restore more than $..
1d ago DIRECTV : 14 is fueled for Arianespace's next Ariane 5 launch - Ariane Flight VA..
1d ago COMCAST : Astros, Rockets games to have wider TV audience
1d ago WANTED Appoints a New President & CEO
2d ago DIRECTV : Judge OKs bankruptcy plan for CSN Houston; giving Rockets, Astros wide..
2d ago WANTED Appoints a New President & CEO
3d ago United States Telecommunications Report Q4 2014 - New Market Report
3d ago DIRECTV : Tapped as a World Leader for Corporate Action on Climate Change
5d ago JETBLUE AIRWAYS : Mints a New Way to Fly to San Francisco; Mint Offers Private S..
7d ago DIRECTV : India's GSAT-16 reaches French Guiana for launch by Ariane 5 in early ..
Advertisement
Chart
Duration : Period :
DIRECTV Technical Analysis Chart | DTV | US25490A3095 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF