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DirecTV profit grows to $723 million

Revenue rises 13% to $7.5 billion

Satcaster DirecTV said net profit grew to $723 million from $683 million last quarter as revenue rose nearly 13% to $7.5 billion on higher subscriber growth in Latin America and higher average U.S. revenue per sub.

The El Segundo, Calif.-based company has 32 million subscribers in the U.S. and Latin America. It added 125,000 U.S. subs in the quarter and 528,000 in Latin America.

In the U.S., its average revenue per user rose $4.74 to $101.38.

CEO Mike Whilte said strong demand “drove full-year gross additions in both our U.S. and Latin American businesses to all-time highs, fueling the largest annual net gain in DirecTV’s history of nearly 3.7 million subscribers including Sky Mexico.”

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