DIRECTV (DTV) Misses Q1 EPS by 9c
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DIRECTV (NASDAQ: DTV) reported Q1 EPS of $1.44, $0.09 worse than the analyst estimate of $1.53. Revenue for the quarter came in at $8.14 billion versus the consensus estimate of $8.16 billion.
- PanAmericana surpasses 7 million cumulative subscribers in the quarter by adding 178,000 net new customers.
- DIRECTV U.S. adds 60,000 net new customers in the quarter driven by the lowest first quarter average monthly churn rate in six years of 1.37%.
SEGMENT FINANCIAL REVIEW | ||||||||
DIRECTV U.S. Segment | ||||||||
DIRECTV U.S. | Three Months Ended March 31, | |||||||
Dollars in Millions except ARPU | 2015 | 2014 | ||||||
Revenues | $ | 6,458 | $ | 6,087 | ||||
Average Monthly Revenue per Subscriber (ARPU) ($) | 105.62 | 100.16 | ||||||
ARPU Growth | 5.5 | % | 4.3 | % | ||||
Operating Profit Before Depreciation and Amortization(1) | 1,687 | 1,669 | ||||||
OPBDA Margin(1) | 26.1 | % | 27.4 | % | ||||
Operating Profit | 1,249 | 1,243 | ||||||
Operating Profit Margin | 19.3 | % | 20.4 | % | ||||
Capital Expenditures and Cash Flow | ||||||||
Cash paid for property and equipment | 136 | 144 | ||||||
Cash paid for subscriber leased equipment - subscriber acquisitions | 115 | 117 | ||||||
Cash paid for subscriber leased equipment - upgrade and retention | 86 | 110 | ||||||
Cash paid for satellites | 45 | 11 | ||||||
Cash Flow Before Interest and Taxes(2) | 1,107 | 1,067 | ||||||
Subscriber Data (in 000's except Churn) | ||||||||
Gross Subscriber Additions | 895 | 891 | ||||||
Average Monthly Subscriber Churn | 1.37 | % | 1.45 | % | ||||
Net Subscriber Additions | 60 | 12 | ||||||
Cumulative Subscribers | 20,412 | 20,265 |
For earnings history and earnings-related data on DIRECTV (DTV) click here.
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