DIRECTV Announces Third Quarter 2010 Results

DIRECTV DTV today reported an increase in third quarter 2010 revenues of 10% to $6.03 billion, operating profit before depreciation and amortization(1) (OPBDA) of 10% to $1.48 billion and operating profit of 27% to $868 million compared with last year's third quarter. DIRECTV reported third quarter net income increased 31% to $479 million and diluted earnings per share grew 49% to $0.55 compared with the same period last year. “For the fourth consecutive quarter, DIRECTV achieved double-digit revenue and OPBDA growth while also increasing EPS by 49% as more consumers across the Americas continue to purchase DIRECTV and SKY's unrivaled choice of video services,” said Mike White, president and CEO of DIRECTV. “Driven by our industry leading HD, DVR and interactive services, gross and net subscriber additions increased in both our U.S. and Latin American businesses for the first time in 2½ years and as a result, we widened our leading position as the world's largest provider of pay TV services with over 27 million subscribers.”