DirecTV Group Inc said on Thursday its second-quarter revenue rose 9 percent from a year earlier due to strong subscriber growth, but its profit fell due to costs related to subscriber acquisitions.
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The U.S. satellite operator said revenue rose to $5.22 billion from $4.81 billion. That was slightly above Wall Street's average forecast for $5.19 billion.Net profit fell to $407 million from $455 million a year earlier due to higher expenses, including costs to acquire subscribers and to improve service quality.
Profit per share was flat at 40 cents a year earlier, however, due to share repurchases. Analysts had expected earnings of 43 cents per share.
DirecTV said average U.S. monthly revenue per user rose 1.7 percent to $83.16 due to price increases and a shift to costlier services like high-definition video, although the gain was somewhat offset by promotions.
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