The top satellite TV operator in the U.S., DirecTV (DTV) disclosed that its profits in the first-quarter increased by 43 percent over a year ago.
The rise in profits came from existing customers signing up for its high-definition service, along with its digital video recorders, bringing their net income up to $336.4 million. That equates to 27 cents a share. That's in comparison to the $235.2 million, or 17 cents a share they produced last year.
"Increased sales of HD and digital video recorders are driving favorable results for most of our key operating metrics," said Chase Carey, president and CEO. "For example, the quarterly increase in gross subscriber additions to 929,000, the decline in monthly churn to 1.44 percent and the ARPU growth of more than 5 percent were all favorably impacted by the significant increase in sales of advanced services."
The U.S. averge revenue per customer increased to $73.40 form last year's $69.75. Customers leaving the service also decreased as this quarter they were 1.44 percent in contrast to the 1.45 percent before.
As far as customer growth, that slowed down from last year as they gained 235,000 this quarter, while the same quarter last year yielded a 255,000 gain.
Their overall revenue grew by 15 percent to reach $3.91 billion, over last year's $3.39 billion.
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