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DirecTV gives recession the cold shoulder, sees increased profits in Q3

[2008/11/07]
Filed under: Industry, Satellite

While many mega-corps are struggling just to make ends meet, DirecTV is basking in the glow of a rather awesome Q3. The satcaster proudly announced that it saw revenues increase by 15% to $4.98 billion, all while operating profit scooted up 16% to $658 million and net income shot up 14% to $363 million. As has been the trend of late, a fair chunk of its good fortunes came from subscribers opting for "premium" services, which is a fancy way of saying that customers are totally digging HDTV, HD DVRs and video-on-demand. Oh, and now that HD is live in Latin America, we actually wouldn't be surprised to see a fruitful Q4 just a few months from now. Recession? What recession?
[Image courtesy of DayLife]DirecTV gives recession the cold shoulder, sees increased profits in Q3 originally appeared on Engadget HD on Fri, 07 Nov 2008 15:17:00 EST. Please see our terms for use of feeds.Read | Permalink | Email this | Comments

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DirecTV gives recession the cold shoulder, sees increased profits in Q3