logo
  

SiriusXM Lifts FY21 Revenue View Above Market - Quick Facts

While reporting higher second-quarter results on Tuesday, audio entertainment company Sirius XM Holdings Inc. (SIRI) lifted its full-year 2021 guidance for revenue, adjusted EBITDA, self-pay net subscriber additions, and free cash flow.

In pre-market activity on Nasdaq, Sirius XM shares were gaining around 4 percent to trade at $6.64.

For the year, the company now expects total revenue of around $8.55 billion, higher than previously expected $8.35 billion. On average, 15 analysts polled by Thomson Reuters expect revenues of $8.42 billion for the year. Analysts' estimates typically exclude special items.

Adjusted EBITDA is now expected to be approximately $2.675 billion. The company projects self-pay net subscriber additions of approximately 1.1 million, and free cash flow of approximately $1.7 billion.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Drug major Pfizer has again expanded the earlier two recalls of its anti-smoking Drug Chantix (Varenicline) in the form of tablets, to now include all the lots, for the potential presence of nitrosamine impurity, N-Nitroso- varenicline, at or above the FDA interim acceptable intake limit (ADI), the U.S. Food and Drug Administration or FDA said in a statement. Department store chain Sears is closing down its last store located in its home state of Illinois, CNBC reported. The company, which was founded in Chicago in 1892, plans to shut the shop, located in Simon Property Group's Woodfield Mall, on November 14. Sears' parent company, Transformco, which also manages the real estate, said it plans to maximize the value of the Woodfield Mall property and Amazon said over 1 million people have applied for a job at the tech major as part of its Career Day 2021. Job seekers from more than 170 countries have participated in the virtual event. In addition, more than 2,000 Amazon recruiters offered 30,000 individual career coaching sessions with participants in a single day.
Follow RTT