Exhibit 99.1

DIRECTV Announces Third Quarter 2013 Results

DIRECTV Eclipses 37 Million Total Subscribers in the Quarter.

• DIRECTV U.S. attains net subscriber additions of 139,000 driven by the lowest third quarter churn in 6 years.
• Sky Brasil and PanAmericana add 260,000 net new customers in the quarter.
• DIRECTV Latin America and Sky Mexico surpass 17 million customers.

DIRECTV Revenues Grow 6% to $7.9 Billion.

• Revenue driven by DIRECTV U.S. ARPU growth of 6.2% along with strong DIRECTV Latin America subscriber growth over the last year.

DIRECTV OPBDA Increases 15% to $1.9 Billion.

• DIRECTV U.S. grows OPBDA 12% driven by strong top-line growth and disciplined cost management.
• DIRECTV Latin America increases OPBDA 23% from strong margins in Brazil due in part to the settlement of a fee dispute.

DIRECTV Repurchases $1.3 billion of Stock in the Third Quarter Bringing the Year-to-Date Total to $3.2 Billion Helping Drive Diluted EPS Growth of 42% to $1.28 in the Third Quarter.

EL SEGUNDO, Calif.--(BUSINESS WIRE)--November 5, 2013--DIRECTV (NASDAQ:DTV) today announced an increase in third quarter 2013 revenues of 6% to $7.88 billion, operating profit before depreciation and amortization¹ (OPBDA) of 15% to $1.93 billion, operating profit of 15% to $1.23 billion, and earnings per share of 42% to $1.28 compared to last year's third quarter.

“DIRECTV’s diversified portfolio of businesses across the Americas delivered another solid quarter of consolidated results highlighted by strong top-line growth and continued operational discipline across disparate geographies, macro-economic conditions and competitive environments,” said Mike White, President and CEO of DIRECTV. “We continue to extend our position as the world’s largest Pay TV service by leveraging the strength of our premier brands and our differentiated suite of products and services across the Americas to drive industry leading growth.” White added, “At the same time, our commitment to profitably grow our businesses through disciplined expense management and productivity improvements was clearly a highlight as operating profit before depreciation and amortization margin expanded driving double digit OPBDA and cash flow growth in the quarter.”

"Adjusted" financial results in the table above and year-to-date discussion below exclude a $166 million pre-tax charge ($136 million after-tax) associated with the revaluation of the net monetary assets of the company's subsidiary in Venezuela at the time of the bolivar's devaluation in February 2013.

Third Quarter Review

DIRECTV's third quarter revenues of $7.88 billion increased 6% principally due to higher ARPU at DIRECTV U.S. as well as subscriber growth at DIRECTV Latin America (DTVLA) and DIRECTV U.S. over the last twelve months. These increases were partially offset by lower ARPU at DTVLA primarily due to unfavorable changes in exchange rates.

In the third quarter, DTVLA settled a fee dispute and paid $92 million to Escritorio Central de Arrecadacao, or ECAD, the organization in Brazil responsible for collecting performance rights fees under Brazilian law. The settlement resulted in a pre-tax gain for the reversal of amounts previously expensed of $128 million. The gain is comprised of a reduction in "Broadcast Programming and Other" of $70 million, a reduction in "Interest Expense" of $37 million and $21 million in "Other, net" in the Consolidated Statements of Operations.

Third quarter 2013 OPBDA and operating profit increased 15% to $1.93 billion and $1.23 billion, respectively, while OPBDA and operating profit margin increased to 24.5% and 15.5%, respectively. The improvements in margin were primarily due to the $70 million ECAD settlement and improvements at DIRECTV U.S. and DTVLA driven by slightly lower subscriber acquisition costs, partially offset by higher programming costs at DIRECTV U.S. Operating profit margin was also impacted by higher depreciation and amortization mostly at DTVLA primarily related to higher leased equipment and infrastructure capital expenditures, as well as higher churn in Brazil.

Net income attributable to DIRECTV increased 24% to $699 million mainly from the higher operating profit but also due to lower interest expense as the impact from the ECAD settlement more than offset increased interest expense related to higher average debt balances. These gains were partially offset by higher tax expense associated with the higher pre-tax income. Diluted earnings per share grew 42% to $1.28 in the quarter due to the higher net income and share repurchases made over the last twelve months.

Cash flow before interest and taxes² increased 13% to $1.09 billion and free cash flow³ increased 17% to $372 million compared to the third quarter of 2012 primarily due to the higher OPBDA and higher cash generated from working capital mostly due to the timing of receivables, payables and a reduction in inventory levels at DIRECTV U.S. These increases were partially offset by higher capital expenditures mostly related to increased cash paid for leased equipment at DIRECTV U.S. associated with higher penetration of advanced boxes to existing customers, as well as higher infrastructure and satellite capital expenditures at both DIRECTV U.S. and DTVLA. Free cash flow was also impacted by higher net interest due to the timing of payments and higher average debt balances, as well as a $92 million payment to settle the ECAD dispute. Also during the quarter but not included in free cash flow was cash paid for share repurchases of $1.26 billion, as well as $137 million in payments for spectrum at DTVLA and new patent licenses at DIRECTV U.S.

Year to Date Review

DIRECTV's revenues for the first nine months of 2013 of $23.16 billion increased 7% principally due to higher ARPU at DIRECTV U.S. as well as subscriber growth over the last year at DTVLA and DIRECTV U.S. These increases were partially offset by lower ARPU at DTVLA primarily due to unfavorable changes in exchange rates. Year to date adjusted OPBDA increased 9% to $6.10 billion and adjusted operating profit increased 5% to $3.98 billion compared with the same period of 2012. Adjusted OPBDA margin increased to 26.3% in the first nine months of 2013 as the ECAD settlement at DTVLA and lower subscriber acquisition costs at DIRECTV U.S were partially offset by higher programming costs at DIRECTV U.S. Adjusted operating profit margin was negatively impacted by higher depreciation and amortization at both DTVLA and DIRECTV U.S. primarily resulting from higher leased equipment and infrastructure capital expenditures. Reported OPBDA increased 6% to $5.93 billion and reported operating profit increased to $3.82 billion in the first nine months of 2013.

Adjusted net income attributable to DIRECTV increased 9% to $2.19 billion compared with the first nine months of 2012 primarily due to the higher adjusted operating profit. Also impacting the comparison was a $59 million non-cash pre-tax charge in 2013 due to the deconsolidation of DSN Northwest, as well as a $64 million pre-tax charge in 2012 for the loss on the early retirement of debt. In addition, adjusted diluted earnings per share improved 27% to $3.89 due to the higher net income, as well as share repurchases made over the last twelve months. Reported net income attributable to DIRECTV increased 2% to $2.05 billion while reported diluted earnings per share improved 19% to $3.65.

Cash flow before interest and taxes increased 2% to $3.37 billion compared to the first nine months of 2012 due to the higher OPBDA and increased cash generated from working capital mainly associated with a reduction in inventory levels at DIRECTV U.S. These increases were mostly offset by greater capital expenditures driven by increased cash paid for leased equipment related to higher penetration of advanced boxes to both new and existing customers at DIRECTV U.S., as well as increased infrastructure expenditures and higher leased equipment to new customers at DTVLA. Also in the period, free cash flow declined to $1.61 billion, as the higher cash flow before interest and taxes was more than offset by an increase in tax payments mostly related to the reversal of prior bonus depreciation deductions and the timing of tax payments, greater interest payments related to higher average debt balances, as well as a $92 million payment to settle the ECAD dispute.

Also during the first nine months of 2013 but not included in free cash flow was cash paid for share repurchases of $3.23 billion, $155 million in payments for spectrum at DTVLA and new patent licenses at DIRECTV U.S., cash received of $140 million for the sale of investments primarily for the partial sale of the Game Show Network equity investment, as well as two debt issuances by DIRECTV U.S. -- the first in January 2013 of $750 million principal amount of 1.750% senior notes due in 2018, and the second in May 2013 of €500 million (or about $650 million) aggregate principal amount of 2.750% senior notes due in 2023.

Third Quarter Review

In the quarter, DIRECTV U.S. revenues increased 7% to $6.17 billion compared with the third quarter of 2012 primarily due to strong ARPU growth along with a larger subscriber base. DIRECTV U.S. net subscriber additions increased in the quarter relative to the prior year period principally due to a lower average monthly churn rate of 1.61%. In the third quarter of 2012, churn was unfavorably impacted by a contract dispute with a large programmer that resulted in the removal of several channels for nine days. ARPU increased 6.2% to $102.37 mostly due to higher advanced receiver service fees, price increases on programming packages, higher fees for a new enhanced warranty program, as well as higher pay-per-view revenues. These improvements were partially offset by increased promotional offers to new and existing customers. DIRECTV U.S. ended the quarter with 20.16 million subscribers compared with 19.98 million subscribers reported for the quarter ended September 30, 2012.

Third quarter OPBDA increased 12% to $1.40 billion and operating profit was 13% higher at $987 million. OPBDA and operating profit margin increased to 22.6% and 16.0%, respectively in the third quarter, driven principally by the incremental margin generated by the higher revenues combined with relatively unchanged subscriber acquisition costs due mostly to the flat gross additions in the quarter compared to the year ago period. Also contributing to the margin improvement was relatively unchanged subscriber services and broadcast operations expenses mainly due to productivity improvements and disciplined cost management. These margin improvements were partially offset by higher programming costs mostly related to programming supplier rate increases.

DIRECTV Latin America

DIRECTV Latin America owns approximately 93% of Sky Brasil, 41% of Sky Mexico and 100% of PanAmericana, which covers most of the remaining countries in the region. Sky Brasil and PanAmericana ended the third quarter with 5.26 million and 6.08 million subscribers, respectively. Sky Mexico, whose results are accounted for as an equity method investment and therefore are not consolidated by DTVLA, had approximately 5.88 million subscribers as of September 30, 2013, bringing the total subscribers in the region to 17.22 million.

Third Quarter Review

In the third quarter, DTVLA revenues increased 5% to $1.66 billion principally due to strong subscriber growth over the last year partially offset by an 11.7% decline in ARPU mostly driven by unfavorable changes in foreign exchange rates. Net additions of 260,000 were lower than the prior year due to a decline in gross additions and higher churn. Gross additions fell 5% to 1.02 million principally due to certain limitations on importing set-top boxes for new customers in Venezuela, as well as lower post-paid subscriber additions in Argentina and Brazil mostly associated with stricter credit and sales filters. These declines were partially offset by improved gross additions in Chile and Colombia. Total average monthly churn increased to 2.27% and average monthly post-paid churn increased to 1.93% mainly due to higher churn in Brazil primarily related to the effect of a higher mix of middle market subscribers along with more challenging economic and competitive conditions.

The decline in ARPU to $49.42 was mainly due to the devaluation in Venezuela and unfavorable changes in foreign exchange rates in Brazil and Argentina. Excluding the impact of changes in exchange rates, ARPU increased 3.7% in the quarter principally due to price increases and continued upgrades including advanced services, partially offset by the higher penetration of lower ARPU middle market subscribers.

Also in the third quarter, DTVLA OPBDA increased 23% to $558 million and OPBDA margin was higher at 33.6% while operating profit climbed 19% to $262 million and operating profit margin improved to 15.8%. Excluding the impact of the favorable ECAD settlement, OPBDA margin increased to 29.4% primarily driven by the higher revenue as well as lower subscriber acquisition and general and administrative expenses in Brazil. These improvements were partially offset by higher programming costs driven mainly by inflationary pressure in Venezuela as well as expenses related to special events, as well as increased customer service costs at PanAmericana. Excluding the impact of the favorable ECAD settlement, operating profit margin declined to 11.6% as the increase in OPBDA margin was more than offset by the impact of higher depreciation and amortization resulting from increased leased equipment and infrastructure capital expenditures, as well as the higher churn in Brazil.

CONTACT INFORMATION

Media Contact: Darris Gringeri (212) 205-0882. Investor Relations: (310) 964-0808

CONFERENCE CALL INFORMATION

A live webcast of DIRECTV's third quarter 2013 earnings call will be available on the company's website at www.directv.com/investor. The webcast will begin at 2:00 p.m. ET, today November 5, 2013. Access to the earnings call is also available in the United States by dialing (888) 710-4015 and internationally by dialing (913) 312-1437. The conference ID number is 7239151. A replay of the call can be accessed by dialing (888) 203-1112 in the U.S. and (719) 457-0820 internationally. The replay pass code is 7239151. The replay will be available from 3:00 p.m. PT Tuesday, November 5 through 3:00 p.m. PT Tuesday, November 12 and will also be archived on our website at www.directv.com/investor.

FOOTNOTES

(1) Operating profit before depreciation and amortization, which is a financial measure that is not determined in accordance with accounting principles generally accepted in the United States of America, or GAAP, should be used in conjunction with other GAAP financial measures and is not presented as an alternative measure of operating results, as determined in accordance with GAAP. Please see DIRECTV's Annual Report on Form 10-K for the year ended December 31, 2012 for further discussion of operating profit before depreciation and amortization. Operating profit before depreciation and amortization margin is calculated by dividing operating profit before depreciation and amortization by total revenues.

(2) Cash flow before interest and taxes, which is a financial measure that is not determined in accordance with GAAP, is calculated by deducting amounts under the captions “Cash paid for property and equipment”, “Cash paid for satellites”, “Cash paid for subscriber leased equipment - subscriber acquisitions” and “Cash paid for subscriber leased equipment - upgrade and retention” from “Net cash provided by operating activities” from the Consolidated Statements of Cash Flows and adding back net interest paid and “Cash paid for income taxes”. This financial measure should be used in conjunction with other GAAP financial measures and is not presented as an alternative measure of cash flows from operating activities, as determined in accordance with GAAP. DIRECTV management uses cash flow before interest and taxes to evaluate the cash generated by our current subscriber base, net of capital expenditures, and excluding the impact of interest and taxes, for the purpose of allocating resources to activities such as adding new subscribers, retaining and upgrading existing subscribers, for additional capital expenditures and as a measure of performance for incentive compensation purposes. We believe this measure is useful to investors, along with other GAAP measures (such as cash flows from operating and investing activities), to compare our operating performance to other communications, entertainment and media companies. We believe that investors also use current and projected cash flow before interest and taxes to determine the ability of our current and projected subscriber base to fund required and discretionary spending and to help determine the financial value of the company.

(3) Free cash flow, which is a financial measure that is not determined in accordance with GAAP, is calculated by deducting amounts under the captions “Cash paid for property and equipment”, “Cash paid for satellites”, “Cash paid for subscriber leased equipment - subscriber acquisitions”, and “Cash paid for subscriber leased equipment - upgrade and retention” from “Net cash provided by operating activities” from the Consolidated Statements of Cash Flows. This financial measure should be used in conjunction with other GAAP financial measures and is not presented as an alternative measure of cash flows from operating activities, as determined in accordance with GAAP. DIRECTV management uses free cash flow to evaluate the cash generated by our current subscriber base, net of capital expenditures, for the purpose of allocating resources to activities such as adding new subscribers, retaining and upgrading existing subscribers, for additional capital expenditures and as a measure of performance for incentive compensation purposes. We believe this measure is useful to investors, along with other GAAP measures (such as cash flows from operating and investing activities), to compare our operating performance to other communications, entertainment and media companies. We believe that investors also use current and projected free cash flow to determine the ability of our current and projected subscriber base to fund required and discretionary spending and to help determine the financial value of the company.

(4) DIRECTV Latin America subscriber data exclude subscribers of the Sky Mexico service. In addition, DTVLA gross and net additions exclude 7,000 video subscribers acquired during the three months ended September 30, 2012 as well as 1,000 and 14,000 video subscribers acquired during the nine months ended September 30, 2013 and September 30, 2012, respectively. DTVLA cumulative subscriber counts include these acquired customers.

CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS

NOTE: This presentation may include or incorporate by reference certain statements that we believe are, or may be considered to be, “forward-looking statements” within the meaning of various provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934. These forward-looking statements generally can be identified by use of statements that include phrases such as “believe,” “expect,” “estimate,” “anticipate,” “intend,” “plan,” “project” or other similar words or phrases. Similarly, statements that describe our objectives, plans or goals also are forward-looking statements. All of these forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or from those expressed or implied by the relevant forward-looking statement. Such risks and uncertainties include, but are not limited to: increased competition; increasing programming costs and our ability to renew programming contracts under favorable terms; increased subscriber churn or subscriber upgrade and retention costs; potential material increase in subscriber acquisition costs; general economic conditions; risks associated with doing business internationally, which for DIRECTV Latin America include political and economic instability and foreign currency exchange rate volatility and controls; pace of technological development; potential intellectual property infringement; loss of key personnel; satellite construction or launch delays; satellite launch and operational risks; loss of a satellite; theft of satellite programming signals; U.S. and foreign governmental and regulatory action; ability to maintain licenses and regulatory approvals; significant debt; indemnification obligations; reliance on network and information systems; and the outcome of legal proceedings. We may face other risks described from time to time in periodic reports filed by us with the U.S. Securities and Exchange Commission.

DIRECTV (NASDAQ:DTV) is one of the world's leading providers of digital television entertainment services. Through its subsidiaries and affiliated companies in the United States, Brazil, Mexico and other countries in Latin America, DIRECTV provides digital television service to over 20 million customers in the United States and over 17 million customers in Latin America. DIRECTV sports and entertainment properties include two regional sports networks (Rocky Mountain and Pittsburgh) and minority ownership interests in Root Sports Northwest and Game Show Network. For more information on DIRECTV, visit directv.com.

CONTACT:
DIRECTV
Media Contact: Darris Gringeri, (212) 205-0882
Investor Relations: (310) 964-0808