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SIRI Sirius XM Holdings Inc

3.03
-0.02 (-0.66%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Sirius XM Holdings Inc NASDAQ:SIRI NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.02 -0.66% 3.03 3.03 3.04 3.12 3.02 3.06 13,661,215 00:59:57

Sirius XM Added More Users Than It Expected in 2015

05/01/2016 10:49pm

Dow Jones News


Sirius XM (NASDAQ:SIRI)
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   By Maria Armental 
 

Sirius XM Holdings Inc. added more subscribers than expected in 2015 but said it sees that growth slowing in 2016.

Shares of the satellite-radio broadcaster, up 15% over the past 12 months, rose 0.6% to $3.93 in after-hours trading.

Sirius XM said it ended 2015 with 29.6 million subscribers, or 2.3 million more than in the year earlier. The company had projected 2 million more subscribers.

For 2016, Sirius XM said it expects to add about 1.4 million subscribers. That would give the company a total of about 31 million subscribers, slightly below the 31.3 million expected, on average, by analysts surveyed by FactSet.

The company also said it sees 2016 revenue of about $4.9 billion, in line with the average estimate of analysts polled by Thomson Reuters.

As for 2015, Sirius XM said Tuesday that it expects to meet or exceed its guidance for revenue, free cash flow and earnings before interest, taxes, depreciation and amortization.

The company is scheduled to release fourth quarter and full-year results next month.

 

Write to Maria Armental at maria.armental@wsj.com

 

(END) Dow Jones Newswires

January 05, 2016 17:34 ET (22:34 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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