DirecTV Releases First Quarter 2014 Financial Earnings
[Via Satellite 05-08-2014] DirecTV announced its first quarter 2014 financial results, with revenues increasing by 4 percent to $7.86 billion for the broadcast satellite service provider. First quarter adjusted net income for DirecTV increased by 2 percent to $842 million. Adjusted diluted earnings per share amounted to $1.63, a 14 percent increase compared to first quarter 2013. Free cash flow for the company increased to $886 million, a 25 percent increase.
DirecTV Latin America and Sky Mexico combined total subscribers increased to more than 18 million for the quarter, bringing the total subscribers for DirecTV to more than 38 million worldwide. DirecTV U.S. can claim 20.3 million of these subscribers, although growth in U.S. new subscribers for the period was relatively low compared to the first quarter of last year due to a high number of subscriber disconnections.