DIRECTV Announces Third Quarter 2014 Results

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dfergie

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DIRECTV Revenues Grow 6% to $8.4 Billion.

  • Revenue driven by DIRECTV U.S. ARPU growth of 4.8% along with DIRECTV Latin America subscriber growth over the last year.
DIRECTV Adjusted OPBDA Increases 5% to $2.0 Billion; Reported OPBDA Grows 2% to $2.0 Billion.

  • DIRECTV U.S. improves OPBDA margin 120 basis points driving a 11% increase in OPBDA.
DIRECTV Free Cash Flow Increases 45% to Over $2.3 Billion Year To Date.

EL SEGUNDO, Calif.--(BUSINESS WIRE)-- DIRECTV (NASDAQ:DTV) today announced that third quarter 2014 revenues increased 6% to $8.37 billion, adjusted operating profit before depreciation and amortization1 (OPBDA) and adjusted operating profit both increased 5% to $2.04 billion and $1.28 billion, respectively, and adjusted diluted earnings per share increased 4% to $1.33 compared to last year's third quarter. Adjusted financial results exclude a pre-tax charge of $62 million in the third quarter of 2014 resulting from the revaluation of the net monetary assets of the company's subsidiary in Venezuela. Reported OPBDA increased 2% to $1.98 billion, reported operating profit was relatively unchanged at $1.22 billion and reported diluted earnings per share declined to $1.21 compared to last year's third quarter.

“Our third quarter financial results continue to demonstrate the strong execution of our operations,” said Mike White, President and CEO of DIRECTV. “In the U.S., although competition for subscribers continues to be intense, revenue growth was very solid while operating profit before depreciation and amortization margin expanded year-over-year for the fifth consecutive quarter, highlighting our commitment to profitably grow our businesses through disciplined subscriber acquisitions and expense management, as well as smart pricing.” White added, “In Latin America, due to challenging macroeconomic and foreign exchange headwinds, we continue to focus on local currency performance which has allowed us to profitably grow our businesses, as well as begin generating positive cash flow in the region - one of our primary goals for the year.”

Source & More: http://investor.directv.com/press-r...unces-Third-Quarter-2014-Results/default.aspx
 

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harshness

harshness

SatelliteGuys Master
May 5, 2007
17,221
3,143
Salem, OR
It is interesting that they mentioned LA subscriber gains for the year since there were net losses for the quarter.

Trimming the ranks by .14% in the US market during the NFLST return is also noteworthy.

For US customers, the key number is ARPU, now at $107.27/month.
 
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Aridon

SatelliteGuys Pro
May 29, 2007
546
47
Great time to sell out. Market is at saturation, growth mostly exhausted and the price you can get at an all time high. Let the new guy worry about retention, low to no growth and finding synergies.

Being only in the TV business as a stand alone company isn't the way to go forward.
 
chances14

chances14

SatelliteGuys Family
Oct 28, 2011
77
6
Michigan
Great time to sell out. Market is at saturation, growth mostly exhausted and the price you can get at an all time high. Let the new guy worry about retention, low to no growth and finding synergies.

Being only in the TV business as a stand alone company isn't the way to go forward.

The only thing saving tv providers right now is sports. Plus, there are still going to be those who do not have viable internet options for streaming and satellite is the only option to watch cable tv
 
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