Keith Srakocic, Associated Press
NEW YORK — DirecTV Group Inc., the country's largest satellite TV broadcaster, raked in more subscribers than ever in the third quarter, helped by the NFL Sunday Ticket.
DirecTV, the 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 for any quarter.
The new subscribers drove revenue up 14 percent from a year ago to $6.84 billion.
But NFL programming is expensive, and net income was $516 million, or 70 cents per share, up only 7.7 percent from last year's $479 million, or 55 cents per share.
Analysts polled by FactSet had expected earnings of 73 cents per share on revenue of $6.74 billion.
DirecTV shares rose 69 cents, or 1.5 percent, to $45.55 in premarket trading.
The NFL Sunday Ticket gives access to every out-of-market Sunday NFL game, with bells and whistles like the ability to show eight live games simultaneously, side-by-side. DirecTV charges $53 per month for it.
Average revenue per U.S. user was $92.21 per month, a modest increase of 3.6 percent from a year ago. Latin American subscribers paid an average of $64.63, a figure that was up 7.7 percent from a year ago, after adjusting for currency fluctuations.
The flood of new subscribers comes after a dismal second quarter, which saw DirecTV gain just 26,000 U.S. subscribers, a record low. Rival Dish Network Corp. lost more subscribers than that, which meant the U.S. satellite industry posted a net subscriber loss for the first time ever.
DirecTV ended the quarter with 19.8 million U.S. subscribers, making it the second-largest provider of pay-TV service after cable company Comcast Corp. In Latin America, it had 7.3 million subscribers.
Dish reports third-quarter results on Monday.
- Deseret News podcast: 2016 NBA draft preview
- A look at how freshmen have fared with NBA...
- High school softball: A closer look at this...
- New Rome mayor maintains opposition to 2024...
- Former NBA MVP Derrick Rose traded from Bulls...
- NHL coming to Las Vegas; New team to start...
- Massive crowd engulfs Cleveland, champion...
- Chile beats Colombia 2-0 to return to Copa...
- Morning links: Athlon ranks Utah FBS... 89
- Never on Sunday: BYU won't compete on... 60
- Utah Jazz to acquire Indiana Pacers PG... 37
- U. stadium gets bigger scoreboard,... 27
- Morning links: ESPN analysts critical... 25
- Utah basketball: Poeltl taken by... 16
- Brad Rock: Jazz move up playoff... 14
- Families grapple with the pressure to... 14