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Article: Brazil : DirecTV Latin America revenues increase 16% in Q3.(Financial report)
- Article from:
- TendersInfo
- Article date:
- November 6, 2009
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Byline: pinto03
DirecTV Latin America's (DTVLA) revenues increased 16% to US$761mn in the third quarter of 2009 compared to US$658mn in the year-ago period, principally due to strong subscriber growth in Brazil, Argentina and Venezuela, the company said in a statement.
Arpu was up slightly to US$59.80 from US$59.32 in 3Q08, primarily due to price increases and higher fees for HD and DVR services, but offset by unfavorable exchange rates in Brazil and Argentina compared to last year.
Net subscriber additions more than doubled to 162,000 compared to last year due to a 22% increase in gross additions and a decline in the average monthly churn rate ...