Exhibit 99.1

DIRECTV Announces First Quarter 2013 Results

DIRECTV Adds 604,000 Net Subscriber Additions in the First Quarter.

• DIRECTV Latin America adds 583,000 in the quarter surpassing 16 million total subscribers - including Sky Mexico - extending its lead as the largest Pay-TV provider in Latin America.

DIRECTV Revenues Grow 8% to $7.6 Billion.

• Revenue driven by DIRECTV U.S. ARPU growth of 4.4% along with strong DIRECTV Latin America subscriber growth.

DIRECTV Adjusted OPBDA Increases 10% to $2.1 Billion; Reported OPBDA Increases 1% to $1.9 Billion.

• Adjusted OPBDA results driven by 17% increase in adjusted OPBDA at DIRECTV Latin America and 8% OPBDA growth at DIRECTV U.S.

DIRECTV's Adjusted Diluted EPS Improves 34% to $1.43; Reported Diluted EPS Increases 12% to $1.20.

• EPS fueled by adjusted net income growth of 13% and stock repurchases of $1.38 billion in the first quarter.

EL SEGUNDO, Calif.--(BUSINESS WIRE)--May 7, 2013--DIRECTV (NASDAQ:DTV) today announced an increase in first quarter 2013 revenues of 8% to $7.58 billion, adjusted operating profit before depreciation and amortization¹ (OPBDA) of 10% to $2.09 billion, adjusted operating profit of 8% to $1.4 billion, and adjusted earnings per share of 34% to $1.43 compared to last year's first quarter. Adjusted financial results 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. Reported OPBDA increased 1% to $1.92 billion, reported operating profit decreased 5% to $1.24 billion, and reported diluted earnings per share increased 12% to $1.20 compared with the same period last year.

“Building on the momentum of one of the largest transitional years in our history, DIRECTV delivered another strong quarter of operating and financial results,” said Mike White, president and CEO of DIRECTV. “Our industry leading revenue growth of 8% continues to be driven by the strength of our premier brands and popularity of our differentiated product and service offerings across the Americas, as well as our ability to profitably grow ARPU in a challenging U.S. operating environment." White added, "At the same time, our adjusted OPBDA margin grew as we remain focused on achieving operational excellence through disciplined expense management and productivity initiatives, while we continue to return cash to shareholders through stock repurchases at an industry leading clip."

DIRECTV's Operational Review

First Quarter Review

DIRECTV's first quarter revenues of $7.58 billion increased 8% principally due to subscriber growth at DIRECTV Latin America (DTVLA) and DIRECTV U.S., as well as higher ARPU at DIRECTV U.S. In the quarter, DTVLA recorded 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. Adjusted OPBDA increased 10% and adjusted operating profit increased 8% in the quarter while adjusted OPBDA margin increased to 27.5% and adjusted operating profit margin was unchanged at 18.6%. Adjusted OPBDA margin improved primarily due to lower subscriber acquisition costs at DIRECTV U.S. and Sky Brasil, as well as the absence of an NFL Sunday Ticket game in the first quarter of 2013. Adjusted operating profit margin was also impacted by higher depreciation and amortization at both DTVLA and DIRECTV U.S. resulting from higher leased equipment and infrastructure capital expenditures. Reported OPBDA increased 1% to $1.9 billion and reported operating profit declined 5% to $1.2 billion in the quarter.

Adjusted net income attributable to DIRECTV increased 13% to $826 million and adjusted diluted earnings per share grew 34% to $1.43 primarily due to the higher adjusted operating profit. Adjusted diluted earnings per share were also impacted by share repurchases made over the last twelve months. Reported net income attributable to DIRECTV declined 6% to $690 million while reported diluted earnings per share grew 12% to $1.20 compared with the first quarter of last year.

Cash flow before interest and taxes² decreased to $1.11 billion and free cash flow³ decreased to $710 million compared to the first quarter of 2012 primarily due to lower cash generated from working capital mostly due to the timing of receivables and higher capital expenditures at DIRECTV U.S. Free cash flow was also impacted by higher net interest payments primarily due to an increase in average net debt balances. Also during the quarter but not included in free cash flow was cash paid for share repurchases of $1.38 billion, as well as a January 2013 issuance by DIRECTV U.S. of $750 million principal amount of 1.75% senior notes due 2018 and a $121 million net increase in commercial paper, resulting in $480 million outstanding as of March 31, 2013. In addition, Sky Brasil entered into a financing facility with BNDES, a government owned Brazilian bank, from which Sky Brasil may borrow funds for the purchase of set-top receivers. Our Board of Directors has approved borrowings of up to 500 million Brazilian Reals (approximately $250 million at the then current exchange rate) under this facility. As of March 31, 2013, there was approximately $49 million outstanding on the BNDES facility bearing interest at an annual rate of 2.5%.

SEGMENT FINANCIAL REVIEW

DIRECTV U.S. Segment

First Quarter Review

In the quarter, DIRECTV U.S. revenues increased 5% to $5.79 billion compared with the first quarter of 2012 primarily due to strong ARPU growth along with a larger subscriber base. DIRECTV U.S. added 21,000 net new subscribers in the quarter, a decrease from the prior year period principally due to lower gross subscriber additions. Gross additions declined mainly due to a greater focus on higher quality subscribers, stricter credit policies and the competitive environment. The average monthly churn rate in the quarter was relatively unchanged at 1.45%. ARPU increased 4.4% to $96.05 mostly due to higher advanced service fees, price increases on programming packages, and increased movie and event buys, partially offset by the absence of one NFL Sunday Ticket game in the quarter and increased promotional offers to new and existing customers. DIRECTV U.S. ended the quarter with 20.11 million subscribers compared with 19.97 million subscribers reported for the quarter ended March 31, 2012.

First quarter OPBDA increased 8% to $1.52 billion and OPBDA margin improved to 26.3% principally due to lower subscriber acquisition costs related to the reduction in gross additions, relatively unchanged subscriber services costs, and the absence of NFL Sunday Ticket costs in the quarter. These improvements were partially offset by higher programming costs mostly related to programming supplier rate increases. Operating profit increased 7% to $1.12 billion and operating profit margin increased to 19.3% in the first quarter mainly due to the OPBDA and OPBDA margin improvements, partially offset by higher depreciation and amortization resulting from increased leased equipment and infrastructure capital expenditures.

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 Mexico, whose results are accounted for as an equity method investment and therefore are not consolidated by DTVLA, had approximately 5.41 million subscribers as of March 31, 2013, bringing the total subscribers in the region to 16.32 million.

First Quarter Review

In the first quarter, DTVLA revenues increased 16% to $1.73 billion compared to the same period last year principally due to strong subscriber growth partially offset by a 10.5% decline in ARPU. Net additions of 583,000 were slightly lower than the year ago period as the increase in gross additions was offset by higher churn. Gross additions increased 14% to a first quarter record of 1.18 million principally due to greater middle market demand across the region, most notably in Argentina, Brazil and Colombia. Total average monthly churn increased to 1.88% and average monthly post-paid churn increased to 1.74% mainly due to higher churn in Brazil related to middle market subscribers and increased competition. The decline in ARPU to $54.23 was mainly due to the devaluation in Venezuela and unfavorable foreign exchange comparisons in Brazil and Argentina. Excluding the impact of exchange rates, ARPU increased 1.5% in the quarter principally due to price increases and more upgrades including advanced services, partially offset by the higher penetration of lower ARPU middle market subscribers, particularly in Brazil.

In the quarter, DTVLA recorded a $166 million charge 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. Excluding this charge, adjusted OPBDA increased 17% and adjusted OPBDA margin was relatively unchanged at 31.6% as higher subscriber service expenses in Brazil were offset by lower subscriber acquisition costs in Brazil and lower general and administrative expenses in PanAmericana. First quarter adjusted operating profit increased 14% while adjusted operating profit margin declined to 16.4% reflecting higher depreciation and amortization resulting from increased leased equipment and infrastructure capital expenditures. Reported OPBDA declined 19% to $380 million while reported operating profit declined 53% to $117 million.

CONFERENCE CALL INFORMATION

A live webcast of DIRECTV's first 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, May 7, 2013. Access to the earnings call is also available in the United States by dialing (888) 263-2905 and internationally by dialing (913) 312-1500. The conference ID number is 4240084. 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 4240084. The replay will be available from 3:00 p.m. PT, Tuesday, May 7, through 3:00 p.m. PT, Tuesday, May 14, 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 1,000 video subscribers acquired in the first quarter, 2013. 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 20.1 million customers in the United States and over 16.3 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.

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