Monday, December 11, 2017
News: Page (1) of 1 - 08/02/12 Email this story to a friend. email article Print this page (Article printing at page facebook
DirecTV loses subscribers for first time in 2Q
DirecTV loses US subscribers for first time in second quarter, as pay-TV market tightens
By The Associated Press

NEW YORK (AP) ¯¯¯ DirecTV, the country's largest provider of satellite TV services, is losing subscribers for the first time, as the company reined in promotions and consumer appetite for pay-TV services appears to have plateaued.

DirecTV Inc. says it lost 52,000 U.S. subscribers in the April-to-June period. Last year, it added 26,000 in the same period, which is the weakest of the year.

Most other pay-TV companies have reported worsening subscriber trends in the quarter.

Rapid subscriber gains in Latin America buoyed DirecTV's results, but earnings missed expectations. Net income was $711 million, or $1.09 per share, compared with $701 million, or 91 cents per share, a year ago. Analysts polled by FactSet were on average expecting $1.14 per share.

Revenue rose 9 percent to $7.2 billion.

Page: 1


Our Privacy Policy --- About The U.S. Daily News - Contact Us - Advertise With Us - Privacy Guidelines