DirecTV: profits shrink, but subscribers grow
DirecTV Group saw its second quarter profits decrease 11% versus the same quarter last year, but the good news is, net new subscribers increased by 224,000 upping its total worldwide subscriber base to 24.2 million. Most of the growth seems to be coming in Latin America. DirecTV now claims 18.3 million users in the United States as of June 30, 2009.
DirecTV saw a net quarterly profit of $407 million, compared with $455 million last year, but revenues rose to $5.22 billion versus $4.81 billion a year ago. Increased competition is driving the cost of gaining new subscribers higher.