Skip to main content

DirecTV Boosts Guidance

The satellite broadcaster is due to be acquired by News Corp.
  • Author:
  • Publish date:

Football fans are rallying behind

DirecTV

.

The direct satellite broadcaster said Monday that the popularity of its NFL Sunday Ticket package would boost results in the coming quarter. The unit of

Hughes Electronics

(GMH)

raised its quarterly revenue forecast and said it would add more than 100,000 more subscribers this year than it had projected.

For the third quarter, DirecTV projected revenue of $1.93 billion, up from the previous $1.88 billion guidance. For the year, the company nudged its revenue target to $7.6 billion from $7.5 billion. The company said its operating profit projections remain intact for both periods.

TheStreet Recommends

DirecTV also noted its "solid churn management," meaning it has fewer users giving the service up in each quarter. Saying that it would hit third-quarter and annual churn guidance of 1.6% and 1.5%, the company projected it would add more than a million subscribers for the year, up from its previous guidance of 900,000.

Hughes parent

GM

(GM) - Get General Motors Company Report

plans to spin off the electronics company to shareholders so Australian media giant

News Corp.

(NWS) - Get News Corporation Class B Report

can take a controlling interest in it. That deal, valued at $6.6 billion, is expected to clear government scrutiny by year-end.

Hughes didn't change its own third-quarter guidance. Its shares were unchanged early Monday at $14.26.