DIRECTV Revenues Grow 6% to $8.4 Billion.
EL SEGUNDO, Calif.--(BUSINESS WIRE)-- DIRECTV (NASDAQ
TV) 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
- Revenue driven by DIRECTV U.S. ARPU growth of 4.8% along with DIRECTV Latin America subscriber growth over the last year.
- DIRECTV U.S. improves OPBDA margin 120 basis points driving a 11% increase in OPBDA.
EL SEGUNDO, Calif.--(BUSINESS WIRE)-- DIRECTV (NASDAQ
TV) 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
