Satellite TV News

DirecTV group has come up with the First Quarter 2008 results with a revenue increase of 17% to $4.59 billion from $3.91 billion, operating profit before depreciation and amortization increased 27% to $1.18 billion from $930 million and operating profit increased 17% to $657 million from $563 million compared to last year’s first quarter. The satcaster has reported first quarter net income from $336 million to $371 million, an increase of 10 %.

DirecTV with the help of its national HD lineup expansion has added 275,000 subscribers in this quarter with an increase of 17%. Total subscriber for DirecTV has gone to 17.04 million Subscribers, an increase of 5% over the 16.19 million subscribers reported on March 31, 2007.

“DirecTV’s first quarter results highlight the overall operational and financial strength of our company. Our strategy of offering the best television experience to higher quality customers continues to drive superior financial results,” said Chase Carey, president and CEO of The DIRECTV Group, Inc. “DIRECTV U.S. revenues were up 14% to $4.05 billion in the quarter due to a 17% increase in net subscriber additions to 275,000 coupled with an 8.6% increase in ARPU. The increased demand for DIRECTV services was primarily driven by our industry-leading content, HD, DVR and interactive services, as well as strong results from our direct sales channel. These factors along with new dealer incentives and tighter credit policies designed to attain higher quality customers contributed to a ten-year-low first quarter monthly churn rate of 1.36%.

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