DirecTV's net income down slightly, uptick in HD consumption blamed

by Darren Murph, posted Feb 16th 2008 at 6:43AM

We already heard plenty of rosy news out of the Comcast camp, and generally speaking, the message is equally positive from DirecTV. Granted, the firm reported "only" $348 million in net income compared to $356 million a year earlier, but revenues managed to skyrocket some 17-percent. The reason, according to CNN Money, is the substantial uptick in demand for "more costly high-definition TV and digital recording features." Also of note, DTV hooked nearly half a million new subscribers in Q4 alone, and the monthly churn rate had dropped to 1.42-percent -- its "lowest in eight years." Consumers flocking to HD? Imagine that!

[Via Bloomberg]

Filed under: Industry, Satellite

Tags: business, directv, industry, report, results, subscribers

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Reader Comments (Page 1 of 1)

Neutral

Jnas @ Feb 16th 2008 7:21AM

I know this has nothing to do with this, but i thought i'd like to bring to your attention this:~

http://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUSL1627196120080216

Looks like it's officially over.

Neutral

longhairbilly @ Feb 17th 2008 9:44AM

Your right, it has NOTHING to do with Directv. So why post it?

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