Lots of growth in Latin America, but for the 2012 year only 200k net subscriber growth in the US.
US Revenues up 6% for the year.
Stock is up about 2% so guess the market is pleased. Many competitors losing subscribers so though 200k subscribers isn't a ton of growth, it is growth.
http://dtv.client.shareholder.com/releasedetail.cfm?ReleaseID=740312
US Revenues up 6% for the year.
Stock is up about 2% so guess the market is pleased. Many competitors losing subscribers so though 200k subscribers isn't a ton of growth, it is growth.
http://dtv.client.shareholder.com/releasedetail.cfm?ReleaseID=740312
DIRECTV Announces Fourth Quarter and Full Year 2012 Results
DIRECTV Adds 761,000 Net Additions in the Quarter Driven by DIRECTV Latin America's All-Time Record of 658,000.
For the year, DIRECTV Latin America sets record with 4.4 million gross additions and 2.4 million net additions while Sky Mexico adds 1.1 million net new subscribers.
DIRECTV U.S. adds 199,000 net new customers in 2012.
DIRECTV Fourth Quarter Revenue and Operating Profit before Depreciation and Amortization (OPBDA) Growth of 8% Drive Full Year Revenue to Nearly $30 billion and OPBDA to over $7.5 billion.
DIRECTV Latin America increases 2012 revenues by 23% to $6 billion and achieves 29.8% OPBDA margin.
DIRECTV U.S. grows revenues 6% to $23 billion and improves OPBDA margin to 24.3% in 2012.
DIRECTV Full Year Diluted Earnings per Share Rise 32% to $4.58 fueled in part by $5.2 billion of Repurchases in 2012; Free Cash Flow Increases 13% to $2.3 billion in the Year.
DIRECTV Authorizes New $4 billion Stock Repurchase Program.
EL SEGUNDO, Calif.--(BUSINESS WIRE)-- DIRECTV (NASDAQTV) today reported increases in fourth quarter 2012 revenues of 8% to $8.05 billion, operating profit before depreciation and amortization1 (OPBDA) of 8% to $1.92 billion and operating profit of 7% to $1.30 billion compared to last year's fourth quarter. DIRECTV reported an increase in fourth quarter net income of 31% to $942 million and diluted earnings per share of 52.0% to $1.55 compared with the same period last year.
"Our solid fourth quarter consolidated results capped off another year of impressive revenue, earnings and cash flow growth," said Mike White, Chairman, President and CEO of DIRECTV. "Strong consumer demand for DIRECTV's diversified portfolio of businesses across the Americas fueled the largest annual net subscriber gain in our history with nearly 3.8 million net customers added including Sky Mexico. As a result, we furthered our lead as the world's largest and most popular provider of Pay TV video services with over 35 million subscribers and growing rapidly. This tremendous subscriber performance along with solid ARPU and margin performance fueled a 9% top-line increase bringing DIRECTV to nearly $30 billion in revenues, a 32% increase in diluted EPS to $4.58 and a 13% increase in free cash flow to $2.3 billion in 2012."
White concluded, "We exit 2012 with good momentum as we continue to successfully execute on our long-term strategy to drive sustainable profitable growth across the Americas while also significantly advancing DIRECTV's service oriented culture by winning our customers' loyalty for life. We believe that these strategies along with our share repurchase plan - highlighted by the approval of a new $4 billion buyback authorization - will continue to create significant shareholder value for years to come."
