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DirecTV Posts Revenue, Profit Gains For Q3

El Segundo, Calif. – DirecTV reported a double-digit gain
in revenues and a net income gain for the third quarter, ended Sept. 30.

Revenues increased 10 percent to $5.47 billion compared with the
same time last year while year-on-year net income attributable to the DirecTV group
rose $3 million to $366 million. Operating profit was $685 million, compared
with the prior year’s $658 million.

“DirecTV’s third-quarter results are consistent with our
goal to drive substantial cash flow growth through a strategy of offering the
best television experience to higher quality subscribers,” said Larry
Hunter, interim CEO.

“In the United
States, DirecTV revenues increased 9 percent
to $4.7 billion due to solid subscriber and ARPU growth. Continued robust
demand for our service fueled an 8 percent increase in gross additions to 1.1
million subscribers and net additions of 136,000 primarily due to the addition
of AT&T as a marketing partner and record demand for our industry-leading
HD and DVR services.”

Hunter continued, “In fact, about two-thirds of new
subscribers signed up for HD and/or DVR services in the quarter, representing
the highest level in our history.”