The DIRECTV Group Announces Second Quarter 2007 Results

Thursday, August 9th, 2007
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DIRECTV Group Revenues Increase 17% to over $4.1 Billion
“¢ DIRECTV U.S. Revenues Increase 12% to $3.7 Billion Fueled by Average Monthly Revenue Per Subscriber (ARPU) Growth of 6.8% to $76.43
“¢ DIRECTV Latin America Revenues More Than Double to $409 Million

DIRECTV Group Operating Profit Before Depreciation and Amortization Increases 16% to over $1.1 Billion
“¢ DIRECTV U.S. Generates 9% Growth to $1.1 Billion
“¢ DIRECTV Latin America up Threefold to $95 Million

Strong Demand Drives Subscriber Growth and Lower Churn
“¢ DIRECTV U.S. Adds 128,000 Net Subscribers Driven by Higher Gross Additions of 900,000 and Lower Monthly Churn of 1.58%
“¢ DIRECTV Latin America Attains Strong Net Subscriber Additions of 141,000 Propelled by Higher Gross Additions of 260,000 and Lower Monthly Churn of 1.38%

Board of Directors Authorizes Share Repurchase of up to $1.0 Billion
“¢ Prior $1 Billion Share Repurchase Program Completed in Early August 2007

EL SEGUNDO, California – The DIRECTV Group, Inc. (NYSE:DTV) today reported that second quarter revenues increased 17% to $4.14 billion and operating profit before depreciation and amortization increased 16% to $1.13 billion compared to last year’s second quarter. The DIRECTV Group reported that second quarter 2007 operating profit of $740 million and net income of $448 million were relatively unchanged from last year’s second quarter. Earnings per share were $0.37 compared with $0.36 in the same period last year. In addition, DIRECTV’s Board of Directors has authorized up to a $1.0 billion share repurchase program. DIRECTV expects these repurchases to occur from time to time, in the open market or in private transactions, subject to market conditions.

DIRECTV U.S. Segment

Gross subscriber additions increased to 900,000 and average monthly churn declined to 1.58% primarily due to increased sales of HD and DVR services. As a result, net subscribers increased to 128,000 in the quarter bringing the total number of DIRECTV U.S. subscribers as of June 30, 2007 to 16.32 million, an increase of 5% over the 15.51 million subscribers reported on June 30, 2006.

DIRECTV Latin America Segment

In the second quarter of 2007, DIRECTV Latin America’s net subscriber additions increased 83% to 141,000 primarily due to subscriber growth in Brazil, Venezuela and Colombia. Also contributing to the net subscriber increase was a decline in aggregate churn from 1.46% to 1.38% in the current quarter primarily due to lower churn in Brazil. The total number of DIRECTV subscribers in Latin America as of June 30, 2007 increased to 2.94 million compared to 1.73 million as of June 30, 2006 due to the 869,000 subscribers added as a result of the merger with Sky Brazil in the third quarter of 2006 as well as the new subscribers added throughout the region over the past year.

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