logo
Share SHARE
FONT-SIZE Plus   Neg

SIRIUS XM Radio Q1 Profit Rises - Quick Facts

SIRIUS XM Radio Inc. (SIRI) reported that its first-quarter net income was $107.77 million or $0.02 per share, up from $78.12 million or $0.01 per share in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.02 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter rose to $804.72 million from $723.84 million in the prior year quarter. Eleven analysts had consensus revenue estimate of $803.83 million for the quarter.

Self-pay net subscriber additions improved by 148% to 299,348 and the subscriber base rose to an all-time high of 22.3 million subscribers.

The company now expects to grow its net new subscribers by 1.5 million in 2012. The company reiterated its existing 2012 revenue, adjusted EBITDA and free cash flow guidance. The company expects revenue of approximately $3.3 billion, Adjusted EBITDA of approximately $875 million, and Free cash flow of approximately $700 million.

Thirteen analysts have consensus revenue estimate of $3.36 billion for fiscal 2012.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
GOP strategist Karl Rove has criticized U.S. President-elect Donald Trump's comments on aircraft maker Boeing Co.'s contract for a new Air Force One plane, saying they were inaccurate and de-stabled the stock of a major company. Air Force One is the official air plane for the U.S. President. Elon Musk's space transport company SpaceX has lost a satellite launch order from one of its customers due to the delay in its rocket launch schedule after one of its rockets exploded in September. Free meals in coach might soon make a comeback on Delta Air Lines Inc. The Atlanta-based airline said it is testing complimentary meals in the main cabin on transcontinental flights between JFK International Airport in New York and Los Angeles International Airport or San Francisco International Airport.
comments powered by Disqus
Follow RTT