DIRECTV reported today that fourth quarter 2007 revenues increased 17% to $4.88 billion. The DIRECTV reported that fourth quarter net income of $348 million declined 2% and earnings per share increased one cent to $0.30 compared with the same period last year. HD services contributed greatly to the earnings, as the number of HD channels rose to roughly 90 at the end of the quarter.
“DIRECTV’s content and service leadership continue to drive superior results in a tougher marketplace that reflects increasing competition and a slowing economy. Advanced services—including the launch of the industry’s best HD programming—played an increasingly important role in DIRECTV U.S.’s top-line and bottom-line results,” said Chase Carey, president and CEO of The DIRECTV Group.
