Tue, Apr. 28, 9:24 AM
- Sirius XM Holdings (NASDAQ:SIRI) is off 1.3% premarket after a Q1 miss on top and bottom lines that still saw double-digit growth in net income and strong subscriber additions.
- Adjusted EBITDA of $399M was up 19% to an all-time high and beat an expected $392M. EBITDA margin of 37% was also a company high.
- Net subscriber additions during Q1 were 431K, up 61% from the prior-year 267K. Self-pay net adds were 394K, up from prior year's 173K. Self-pay monthly churn was down slightly to 1.8% from 1.9%. Ending total subscribers was 27.4M.
- Revenue breakout: Subscriber, $911.5M (up 7%); Advertising, $26.9M (up 21%); Equipment, 24.8M (up 3.6%); Other, $117.8M (up 17.7%).
- Free cash flow of $276M, up 24%.
- The company raised its guidance on 2015 revenue to $4.47B (vs. expectations of $4.48B) and raised its expected net subscriber adds to 1.4M, while reiterating guidance for adjusted EBITDA of $1.6B (vs. expectations of $1.639B) and free cash flow of about $1.25B.
- Press release
Tue, Apr. 28, 7:02 AM
Wed, Feb. 25, 5:05 PM
- In Q4 results, Liberty Media (NASDAQ:LMCA) pointed to Sirius XM's (NASDAQ:SIRI) earnings -- Liberty's stake in Sirius XM now stands at 57%, and the SIRI stake represents over 90% of Liberty's market cap -- as well as completing its spinoff of Liberty Broadband in November.
- Net income on a GAAP basis was $143.1M vs. the prior $65.2M. Adjusted EBITDA was $381.3M, beating an expected $377M and up from the prior year's $325.6M.
- The company rebought 489K shares of LMCK class from Nov. 1 through Jan. 31, at a cost of $17M.
- Adjusted OIBDA for Q4 rose to $359M, up from the prior year's $319M. Removing depreciation and amortization, operating income rose to $206M from the prior year's $189M.
- Cash on a GAAP basis stood at $681M at year's end. Debt, primarily in Sirius XM senior notes, was at $5.85B.
- Free cash flow was $330.7M compared with the prior year's $303.2M.
- Press release
Thu, Feb. 5, 9:13 AM
- Sirius XM (NASDAQ:SIRI) reported a Q4 beat on top and bottom lines as subscribers grew to 27.3M total (up from prior year 25.6M).
- Net subscriber adds in quarter of 576.7K. Self-pay net adds were 508K, up from prior year's 411.5K.
- Monthly churn down slightly to 1.8%.
- Free cash flow reached a Q4 record of $331M ($0.059/share).
- Operating expenses up 5.6% to $797.3M, with 15% increases in cost of customer service/billing and 21% increase in sales and marketing making up much of the increase.
- For the full year: Revenues up 10% to $4.18B; Net income was up 31% to $493M; Adjusted EBITDA up 26% to $1.47B; and free cash flow up 25% to a record $1.16B. Share buybacks reached $2.5B in 2014; leverage "remained steady at about 3.1x EBITDA."
- Shares up 1.9% premarket.
- Press Release
Thu, Feb. 5, 7:03 AM
Wed, Feb. 4, 5:30 PM
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Jul. 29, 2014, 7:05 AM
Apr. 24, 2014, 7:08 AM
Feb. 4, 2014, 7:27 AM
- SiriusXM Radio (SIRI) says subscriber acquisitions costs fell to just 12% of total revenue in Q4 to mark the lowest percentage in the company's history for the ratio.
- The company added 411,484 self-pay subscribers to take its self-pay base up to 21.1M.
- Subscriber revenue was up 10.1% to $852.5M.
- 2014 guidance is reaffirmed.
Feb. 4, 2014, 7:01 AM| 5 Comments
Feb. 4, 2014, 12:05 AM
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Oct. 24, 2013, 7:03 AM
Jul. 25, 2013, 9:27 AMMore on Sirius XM Radio's (SIRI) Q2: The company added 715,762 subscribers during the quarter as the expected boom from higher auto sales continues to feed growth. Self-pay net subscriber additions totaled over 423K. For the full year, Sirius sees revenue of over $3.7B and adjusted EBITDA of $1.14B. SIRI +2.5% premarket. (PR) | Comment!
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