NFL Sunday Ticket is big draw for DirecTV in 3Q
NEW YORK (AP) — Satellite TV provider DirecTV says it raked in more subscribers than ever in the third quarter, helped by the NFL Sunday Ticket.
DirecTV Group Inc. added a net 327,000 U.S. subscribers in the July to September period, the best third-quarter result in at least five years. Including Latin American operations, net gains were 901,000, the best ever.
The new subscribers drove revenue up 14 percent from a year ago to $6.84 billion. But NFL programming is expensive, and net income rose only 7.7 percent to $516 million, or 70 cents per share.
Analysts polled by FactSet had expected earnings of 73 cents per share on revenue of $6.74 billion.