Juan Fernandez Gonzalez | 02-08-2013
DirecTV announced an increase in income of 7% in Q2 2013, invoicing $7.7 billion and accumulating $15.2 billion during first half of the year.
This growth is mostly driven by Latin America, where the customer base is on the increase. However, the published results show a pace of growth slower than expected.
Latin America's sector finished Q2 with total subscribers of nearly 17 million, mostly due to 5.65 million for Sky México and 5.17 million for Sky Brasil. Panamericana, which covers the rest of the region's countries, ended the quarter with 5.91 million customers.
Revenues for the region were $1.69 billion – 14% up on last year. The figure is still far off the US division's income which was $5.94 million, despite losing viewers.
According to Reuters, the forecast was predicting greater growth in Latin America and less fall-off in the US. The real numbers show 165,000 more clients in Latin America – forecast at 430,000 – and 84,000 customers who left the US service, when in fact 69,000 had been predicted.
The company was satisfied with the results. "Our second quarter consolidated results highlight the benefits of our diversified portfolio of businesses as DirecTV grew its subscriber base to nearly 37 million customers," said Mike White, president and CEO of the company. "While macro-economic and operational challenges in Latin America impacted our results, contributions from successfully executing on the US' long-term strategic imperatives combined with our share repurchase programme drove solid revenue".