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Tuesday, Feb 5
More on Sirius XM Radio's (SIRI) Q4: The company added 529K self-pay subscribers during the...
More on Sirius XM Radio's (SIRI) Q4: The company added 529K self-pay subscribers during the quarter, up 41% from last year's level. The subscriber growth was achieved without breaking the bank as subscriber acquisition costs rose 8.5% to $126.7M. The self-pay churn rate slipped 10 bps to 1.8% during the period. Despite paying out a special dividend, execs say the company has ample liquidity to pursue strategic opportunities and return more capital. Sirius sees adding 1.6M self-pay subscribers in 2013 and realizing revenue of $3.7B with EBITDA of over $1.1B. (PR)