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The satellite television company said Wednesday its first-quarter earnings rose 10.4 percent, as it acquired more subscribers in the U.S. and Latin America and customers spent more on high-definition and video recording services.
DirecTV Group Inc. also said media mogul John Malone’s Liberty Media Corp. had agreed to restrict its voting interest to 48 percent in exchange for DirecTV’s decision to increase its share repurchase program to $3 billion.
DirecTV said net income climbed to $371 million, or 32 cents per share, in the three months ended March 31 from $336 million, or 27 cents per share, a year ago. Revenue rose 17 percent to $4.59 billion.
