johnck78
05-07-08, 11:00 AM
DIRECTV: HDTV Driving Sub, Revenue Increase
The company releases its first quarter report.
By Swanni
Washington, D.C. (May 7, 2008) -- DIRECTV today credited an expanded High-Definition programming lineup with increasing its revenue and subscriber totals in the first quarter.
The satcaster, which has increased its national HD lineup from nine to 95 channels in the last eight months, said net subscribers jumped 275,000 in the first quarter; that's a 17 percent increase from last year's first quarter.
DIRECTV now has 17.04 million subscribers, a five percent increase from this time last year.
In addition, the company's U.S. revenues rose 14 percent in the first quarter to $4 billion and the average monthly revenue per subscriber increased 8.6 percent to $79.70.
DIRECTV also said its first quarter monthly 'churn rate' was 1.36 percent, the lowest in 10 years.
"The increased demand for DIRECTV services was primarily driven by our industry-leading content, HD, DVR and interactive services, as well as strong results from our direct sales channel," said DIRECTV CEO Chase Carey. http://www.tvpredictions.com/forum/index.php?entry=entry080507-105435
The company releases its first quarter report.
By Swanni
Washington, D.C. (May 7, 2008) -- DIRECTV today credited an expanded High-Definition programming lineup with increasing its revenue and subscriber totals in the first quarter.
The satcaster, which has increased its national HD lineup from nine to 95 channels in the last eight months, said net subscribers jumped 275,000 in the first quarter; that's a 17 percent increase from last year's first quarter.
DIRECTV now has 17.04 million subscribers, a five percent increase from this time last year.
In addition, the company's U.S. revenues rose 14 percent in the first quarter to $4 billion and the average monthly revenue per subscriber increased 8.6 percent to $79.70.
DIRECTV also said its first quarter monthly 'churn rate' was 1.36 percent, the lowest in 10 years.
"The increased demand for DIRECTV services was primarily driven by our industry-leading content, HD, DVR and interactive services, as well as strong results from our direct sales channel," said DIRECTV CEO Chase Carey. http://www.tvpredictions.com/forum/index.php?entry=entry080507-105435