Record Quarter for DIRECTV Latin America

DIRECTV Latin America Increases Net Additions 37% to All-time Record 645,000 Surpassing the 9 Million Cumulative Subscriber Mark

EL SEGUNDO, Calif. — DIRECTV (NASDAQ:DTV) today reported an increase in second quarter 2012 revenues of 9% to $7.22 billion, operating profit before depreciation and amortization (OPBDA) of 9% to $2.01 billion and operating profit of 15% to $1.41 billion compared to last year’s second quarter. DIRECTV reported that second quarter net income increased 1% to $711 million and diluted earnings per share grew 20% to $1.09 compared with the same period last year.

DIRECTV U.S. Segment

DIRECTV U.S. ended the quarter with 19.91 million subscribers, an increase of 2% over the 19.43 million subscribers reported for the quarter ended June 30, 2011.

Subscriber Data (in 000’s except Churn)

                                              Three Months      Six Months
                                            Ended June 30,  Ended June 30,
                                            --------------  --------------
                                              2012    2011    2012    2011
                                            ------  ------  ------  ------
Gross Subscriber Additions                     863     954   1,804   2,006
Average Monthly Subscriber Churn             1.53%   1.59%   1.48%   1.55%
Net Subscriber Additions (Losses)             (52)      26      29     210
Cumulative Subscribers                      19,914  19,433  19,914  19,433

DIRECTV Latin America

In the second quarter, DTVLA revenues increased 20% to $1.51 billion compared to the same period last year principally due to strong subscriber growth partially offset by an 11.4% decline in ARPU. Net additions increased 37% to an all-time record of 645,000 driven by a 36% increase in gross additions to 1.12 million principally due to greater middle market demand across the region, most notably in Brazil, Argentina, Colombia and Venezuela. Also in the quarter, average monthly post-paid churn increased to 1.51% primarily driven by higher churn in Brazil mostly related to the higher penetration of middle market subscribers. Total average monthly churn was relatively unchanged at 1.80% as the higher post-paid churn was offset by an increase in pre-paid reconnections in PanAmericana.

Subscriber Data (in 000’s except Churn)

                                              Three Months      Six Months
                                            Ended June 30,  Ended June 30,
                                            --------------  --------------
                                              2012    2011    2012    2011
                                            ------  ------  ------  ------
Gross Subscriber Additions                   1,119     823   2,153   1,588
Average Monthly Total Subscriber Churn       1.80%   1.81%   1.80%   1.84%
Average Monthly Post-paid Subscriber Churn   1.51%   1.44%   1.49%   1.44%
Net Subscriber Additions                       645     472   1,238     899
Cumulative Subscribers                       9,116   6,707   9,116   6,707

DIRECTV Latin America owns approximately 93% of Sky Brasil, 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 are not consolidated by DTVLA, had approximately 4.55 million subscribers as of June 30, 2012, bringing the total subscribers in the region to 13.67 million.