DIRECTV Q1 Revenues Up 14%
The company posted a net income of $575m for the first quarter of 2010, compared to $212m for the prior year period. Operating profit was $956m, compared to $424m for the year ago period.
Mike White, president and CEO of DIRECTV, said: “We're starting 2010 with record-setting financial results that point to the tremendous operating and financial strengths of our businesses in both the US and Latin America.
“Looking forward, we plan to build on DIRECTV's operating momentum and its heritage of innovation. We have already begun extending our HD leadership as we launch more than 30 new HD channels over the coming weeks. Later this year, we will introduce several other compelling products including a greatly enhanced DIRECTV Cinema, multi-room viewing, 3D programming and the debut of our much-anticipated home media center.”
Will DIRECTV further improve revenues in Q2?
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