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DIRECTV Announces First Quarter 2011 Results

Discussion in 'DIRECTV General Discussion' started by Sixto, May 5, 2011.

  1. May 5, 2011 #1 of 23
    Sixto

    Sixto Well-Known Member

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    1st Quarter Results:DIRECTV Nearly Doubles Net Additions with 611,000 in the Quarter
    • DIRECTV Latin America sets all-time records for gross and net additions with 765,000 and 427,000, respectively, in the quarter.
    • DIRECTV U.S. increases net additions 84% to 184,000 in the quarter.
    DIRECTV Revenues Grow 13% to $6.32 Billion
    • Increase driven by strong subscriber growth coupled with higher ARPU of 11.7% at DIRECTV Latin America and 3.9% at DIRECTV U.S.
    Operating Profit before Depreciation and Amortization Increases 12% to $1.77 Billion and Operating Profit Grows 21% to $1.16 Billion
    • Growth driven by DIRECTV Latin America's 57% increase in operating profit before depreciation and amortization to $384 million and a 74% increase in operating profit to $219 million.
    DIRECTV Diluted Earnings per Share Increases 44% to $0.85

    EL SEGUNDO, Calif.--(BUSINESS WIRE)-- DIRECTV (NASDAQ-DTV) today reported an increase in first quarter 2011 revenues of 13% to $6.32 billion, operating profit before depreciation and amortization1 (OPBDA) of 12% to $1.77 billion and operating profit of 21% to $1.16 billion compared to last year's first quarter. DIRECTV reported that first quarter net income increased 21% to $674 million and diluted earnings per share grew 44% to $0.85 compared with the same period last year.

    "Building on the momentum of one of our best years ever, DIRECTV delivered another strong quarter of operating and financial results," said Mike White, president and CEO of DIRECTV. "Record-setting subscriber growth in Latin America and robust customer gains in the U.S. culminated in a nearly two-fold increase in consolidated net additions to 611,000. These industry leading subscriber gains combined with DIRECTV Latin America's 11.7% ARPU growth and margin expansion of 320 basis points, drove double-digit growth in consolidated revenues and operating profit before depreciation and amortization to 13% and 12%, respectively. In addition, the strength and stability of our cash flow continues to create significant value for our shareholders, as the continuation of our share repurchase program along with net income growth of 21% lifted diluted earnings per share by 44% to $0.85 in the quarter."
     
  2. May 5, 2011 #2 of 23
    DodgerKing

    DodgerKing Hall Of Fame

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    I thought Dish had an impressive quarter, but this is very impressive

    3/4 of a million net increase in subs overall. Wow!
     
  3. May 5, 2011 #3 of 23
    Doug Brott

    Doug Brott Lifetime Achiever DBSTalk Club

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    People may be coming back now that the economy is showing some improvement.
     
  4. May 5, 2011 #4 of 23
    Davenlr

    Davenlr Geek til I die

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    After you factor in the people that left...I am guessing the churn rate does not include those of us who have not quit, but just suspended our accounts.
     
  5. May 5, 2011 #5 of 23
    DodgerKing

    DodgerKing Hall Of Fame

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    Come back? DirecTV has always had positive net growth each quarter
     
  6. May 5, 2011 #6 of 23
    Doug Brott

    Doug Brott Lifetime Achiever DBSTalk Club

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    That's a valid point.
     
  7. May 5, 2011 #7 of 23
    tonyd79

    tonyd79 Hall Of Fame

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    What. Do the numbers not meet your desire for people to leave directv? Wonder if it includes your 3 friends.
     
  8. May 6, 2011 #8 of 23
    Lord Vader

    Lord Vader Supreme Member

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    Didn't that idiot Swanni say that after having a great 4th quarter 2010, DirecTV's 1st quarter this year would be poor? :rolleyes:
     
  9. May 6, 2011 #9 of 23
    Smthkd

    Smthkd Icon

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    Wow! All this growth and we cant get more Basic HD channels.


    Well, at least we can see that they are a strong company. Dosent justify a rate increase in my book.

    Congrats D* on a great Quarter! :p
     
  10. MysteryMan

    MysteryMan Well-Known Member DBSTalk Club

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    :lol:
     
  11. ndole

    ndole Problem Solver

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    Would those be created/saved accounts? :hurah::lol:
     
  12. Davenlr

    Davenlr Geek til I die

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    Answer the question, or just dont reply.
     
  13. RobertE

    RobertE New Member

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    Why would churn include suspended accounts? It's still an "active" account, no closed. To think so is just stupid.
     
  14. hdtvfan0001

    hdtvfan0001 Well-Known Member

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    Great results.

    Hopefully this encourages them to look to expand their HD channel offerings, rather than think "business as usual" is acceptable.
     
  15. wingrider01

    wingrider01 Hall Of Fame

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    +1 suspended are on the fence accounts, they are not canceled just sitting there taking up space
     
  16. tonyd79

    tonyd79 Hall Of Fame

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    I forgot that I follow your orders. ;)

    Come on. Someone who posts here who announced he wants DirecTV to lose customers is fair game.
     
  17. Hoosier205

    Hoosier205 New Member

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    You never asked a question...you made a statement. :rolleyes:
     
  18. BattleScott

    BattleScott Hall Of Fame

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    Latin America might see more HD, probably not the US though. We didn't do so hot.
     
  19. sigma1914

    sigma1914 Well-Known Member DBSTalk Club

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    DIRECTV U.S. increases net additions 84% to 184,000 in the quarter.

    That's not so hot? During a crappy economy, too.
     
  20. BattleScott

    BattleScott Hall Of Fame

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    Not when it's accompanied by a $400M loss in revenue and drop in ARPU over the previous quarter. This is the first quarter in some time the US has seen a drop in revenues.

    The 84% net increase is over Q1-2010, not last quarter. It's actually a drop of 63% over Q4-2010 (289,000).

    Not trying to poo-poo the overall results, just pointing out the fact that LA is really the driving factor in the overall picture.
     

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