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DIRECTV Announces Earnings Call for November 7th

Discussion in 'DIRECTV General Discussion' started by Milominderbinder2, Oct 24, 2007.

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  1. Milominderbinder2

    Milominderbinder2 Cutting Edge: ECHELON '08

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  2. Nov 6, 2007 #2 of 26
    Milominderbinder2

    Milominderbinder2 Cutting Edge: ECHELON '08

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    Tomorrow is the day!

    - Craig
     
  3. Nov 6, 2007 #3 of 26
    bonscott87

    bonscott87 Cutting Edge: ECHELON '07

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    Excellent, 2pm. Thus I can listen at work. :)
     
  4. Nov 6, 2007 #4 of 26
    smiddy

    smiddy Tain't ogre til its ogre

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    Can anyone dial in?
     
  5. Nov 6, 2007 #5 of 26
    MikeR

    MikeR Hall Of Fame

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    Yes. Unless it was like my company...and locked their employees out!:D
     
  6. Nov 6, 2007 #6 of 26
    Milominderbinder2

    Milominderbinder2 Cutting Edge: ECHELON '08

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    Here is some past history from previous conference calls:

    Code:
    		07 Q2	07 Q1	06 Q4	06 Q3	06 Q2	06 Q1
    Net adds	128	235	275	165	125	255
    Tot Subs	16,316	16,188	15,953	15,678	15,513	15,388
    ARPU		76.43	73.40	80.70	72.74	74.96	69.75
    SAC		688	667	626	632	642	668
    - Craig
     
  7. Nov 7, 2007 #7 of 26
    smiddy

    smiddy Tain't ogre til its ogre

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    Darn, I have another teleconference to attend during this time. Someone please post a transcript (or link thereto).
     
  8. Nov 7, 2007 #8 of 26
  9. Nov 7, 2007 #9 of 26
    MikeR

    MikeR Hall Of Fame

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    Code:
                       07 Q3
    Net Adds           240
    Total Subs         16,556
    ARPU               78.79
    SAC                696
    -Churn down from 1.8 to 1.61% (The churn rate usually is higher in the third quarter because of seasonal trends.)

    -Almost 40% of subscribers have advanced services compared with less that 30% a year ago

    -net U.S. subscriber additions grew 45%

    -Revenue rose 18% to $4.32 billion on subscriber growth and an increase in the average revenue per subscriber

    -Operating costs surged 24%, with programming-related and subscriber-acquisition costs both climbing 20%

    -net income dropped 14% (319 million, or 27 cents a share, compared with $370.2 million, or 30 cents a share, a year earlier. Results in the year-ago quarter included a pretax gain of $61 million related to the merger of Sky Brazil and DirecTV's Brazil operations.)
     
  10. bonscott87

    bonscott87 Cutting Edge: ECHELON '07

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    Man I didn't get to listen as I was tied up in a meeting. Looks like nobody else listened in either.

    Oh well, transcript will be up within a day or so.
     
  11. MikeR7

    MikeR7 Icon

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    Most interesting thing I heard was that the cost of the HD DVR is now down to $440 and they hope to have it down to $240 early next year.
     
  12. MikeR

    MikeR Hall Of Fame

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    Nothing else substantial to report yet...tight to the vest as far as '08 Capex guidance.
     
  13. Drew2k

    Drew2k New Member

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    Something new! What is "'08 Capex guideance"? Thanks.
     
  14. Ken S

    Ken S RIP

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    Hints as to what their Captial Expenditures will be during Fiscal Year 2008.
     
  15. Drew2k

    Drew2k New Member

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    Cool - I actually understood this sentence! Thanks. :)
     
  16. MikeR

    MikeR Hall Of Fame

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    :D

    Thought it would be interesting to hear where they were going to spend their money...not just "expense" or MOB (maintenance of business) items.

    I also heard this during this during the webcast:

    but I think I was trying to block it out of my mind.;)
     
  17. Ken S

    Ken S RIP

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    Brief Summary from what I remember...This is off the top of my head...if you want greater accuracy feel free to listen for yourself.

    HD and/or DVR subscriber rates are way up...higher than expected. This is causing much higher costs than expected.

    Subscriber Acquisition Cost is up 10% over last year and is just under $700

    Avg monthly bill is also up it's about $79 up about 10% as well.

    Cost of an HD DVR is $440 but will be $250 by the end of the 1st quarter of 2008 (this conflicts with some past statements).

    Cost of HD Receiver is about $240 but will be about $140 by the end of the 1st quarter of 2008

    Churn is down to 1.6%/month about 50% of that is customer choice.

    They're not sure what's going to happen with AT&T.

    VoD is rolling out, but not seen as a big factor near term.

    Liberty transaction has yet to close.

    The leasing program is starting to show some affect in the re-use of STBs...they saved about $55M in the last quarter, but they expect this to increase dramatically.

    They are going to be less aggressive in doing conversion deals from the older MPEG 2 boxes. It will be much more of a let them come to us.

    The will be less aggressive on cutting deals except with certain types of customers.

    New customers are now required to give a credit card and Social Security number.

    They will be much more willing to ship new equipment to customers that are setup rather than rolling trucks.

    The whole installation and service component is being looked at (their former CFO now leads that group). They feel there are significant savings possible there. They want a lot less trucks rolling.

    50% of their new customers are HD and/or DVR subs

    40% of their overall subscriber base is HD and/or DVR

    15 or 20% (not positive) of their subs come from bundle deals with Telcos.

    They're not sure what's going on with the Sprint deal.

    Revenue was buoyed a bit by an extra week of NFL (revenue recognition)

    Basically revenue was up, profits were down (SAC & Upgrade expenses), subs were up.
     
  18. Sixto

    Sixto Well-Known Member

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  19. smiddy

    smiddy Tain't ogre til its ogre

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  20. Lee L

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    SO, they finally realize what we knew all along - That anyone can simply switch cables to a new box and that requiring a Service visit for a new receiver at an existing customer is not needed unless they need the new dish.

    I wonder if they will start charging for a service call.
     
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