DIRECTV Announces Fourth Quarter and Full Year 2011 Results
Thursday, February 16th, 2012DIRECTV Adds 715,000 Net Additions in the Quarter Driven by DIRECTV Latin America’s All-Time Quarterly Record of 590,000; DIRECTV adds 3.7 million new subscribers in 2011 including Sky Mexico.
- For the year, DIRECTV Latin America sets records with 3.5 million gross and 2.1 million net additions while Sky Mexico adds 964,000 net new subscribers
- DIRECTV U.S. sets annual record for gross additions with 4.3 million while adding 662,000 net new subscribers
EL SEGUNDO, Calif. — DIRECTV (NASDAQ:DTV) today reported increases in fourth quarter 2011 revenues of nearly 13% to $7.46 billion, operating profit before depreciation and amortization (OPBDA) of 6% to $1.78 billion and operating profit of 14% to $1.21 billion compared to last year’s fourth quarter. DIRECTV also reported that fourth quarter net income increased 16% to $718 million while diluted earnings per share grew 38% to $1.02 compared with the same period last year.
DIRECTV U.S. Segment
DIRECTV U.S. ended the quarter with 19.89 million subscribers, an increase of 3% over the 19.22 million subscribers reported for the year ended December 31, 2010.
Subscriber Data (in 000’s except Churn)
Three Months Twelve Months Ended December 31, Ended December 31, ------------------ ------------------ 2011 2010 2011 2010 ------ ------ ------ ------ Gross Subscriber Additions 1,030 1,116 4,316 4,124 Average Monthly Subscriber Churn 1.52% 1.44% 1.56% 1.53% Net Subscriber Additions 125 289 662 663 Cumulative Subscribers 19,885 19,223 19,885 19,223
DIRECTV Latin America Segment
DIRECTV Latin America owns approximately 93% of Sky Brazil, 41% of Sky Mexico and 100% of PanAmericana, which covers most of the remaining countries in the region. Sky Mexico, whose results are accounted for as an equity method investment and therefore is not consolidated by DTVLA, had approximately 4.01 million subscribers as of December 31, 2011 bringing the total subscribers in the region to 11.88 million at the end of the fourth quarter of 2011.
Subscriber Data (in 000’s except Churn)
Three Months Twelve Months Ended December 31, Ended December 31, ------------------ ------------------ 2011 2010 2011 2010 ------ ------ ------ ------ Gross Subscriber Additions 965 639 3,510 2,318 Average Monthly Total Subscriber Churn 1.65% 1.55% 1.78% 1.77% Average Monthly Post-paid Subscriber Churn 1.42% 1.37% 1.42% 1.47% Net Subscriber Additions 590 378 2,063 1,220 Cumulative Subscribers 7,871 5,808 7,871 5,808
DIRECTV Latin America subscriber data exclude subscribers of the Sky Mexico service.
Latest News
- Tata Motors selects HARMAN Automotive's in-vehicle app store
- Media Distillery to power Swisscom ad-free replay product
- MagentaTV strengthens addressable TV business with Equativ
- Deutsche Telekom selects Broadpeak Cloud DVR solution for MagentaTV
- Nexxen empowers Australian advertisers using VIDAA ACR data
- TargetVideo integrates AI for video content categorization