DIRECTV Reports Strong Q1 Profits; Latin American Business Soars
DIRECTV just reported very strong profits for Q1 of this year, boasting a 10% growth in revenues. This is due in large part to the company’s thriving Latin American operations, where it holds a 41% stake of Sky Mexico, 74% of Sky Brazil, and is the sole owner of PanAmericana, which is present throughout the region.
DIRECTV Latin America saw huge revenue gains—a reported 47%—raking in $542 million. These gains were due to its ramped-up monthly revenue yield per subscriber, which climbed to an average of $53.52, a 20% increase.
During Q1 the company added 200,000 net subscribers in the region for a total of 3.5 million, a 24% increase. "The increase was due to higher gross additions mainly in Brazil, Venezuela and Argentina," said Robert Mercer, a spokesman for the company, in an interview with Portada.
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