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
Discount retailer Five Below Inc (FIVE), Wednesday said its first-quarter profit increased from a year ago, driven largely by a 22 percent jump in sales, with both earnings and revenues coming in ahead of Wall Street estimates. Five Below detailed a strong outlook for the second quarter and lifted... Yahoo Inc has won exclusive rights to the National Football League's first Internet-only broadcast of a football game between the Buffalo Bills and Jacksonville Jaguars that will be played in London on Sunday, October 25. Applications for home mortgages in the U.S. declined last week on a seasonally adjusted basis as purchase and refinancing applications waned, shows data by the Mortgage Bankers Association.
comments powered by Disqus
RELATED NEWS
Trade SIRI now with 
Follow RTT