Todays News

DirecTV has announced it’s first Quarter 2008 beating the expectations of analysts adding 275,000 subscribers in this quarter an increase of 17% comparing the same quarter last year. The satcaster’s revenue has increased to $4.05 in this quarter. Net income has seen an increase of 10% from 336 million to 371 million and earnings per share has gone up by 19% from $0.27 to $0.32.

“DirecTV’s first quarter results highlight the overall operational and financial strength of our company. Our strategy of offering the best television experience to higher quality customers continues to drive superior financial results,” said Chase Carey, president and CEO of The DIRECTV Group, Inc.

Carey added, “As we discussed at our Investor Day earlier this year, we expect 2008 to be a year in which we take DIRECTV to a whole new level in terms of profitability and cash flow growth. We took an important step toward this goal in the first quarter as DIRECTV U.S. generated $603 million in cash flow before interest and taxes, representing a 76% increase over the prior year. We are confident that we will build on this momentum through initiatives such as further extending our leadership position in content, HD, DVR and interactive services, launching a video-on-demand service and improving customer service both in terms of cost but more importantly, quality.”