SiriusXM higher after posting guidance update

|About: Sirius XM Holdings Inc. (SIRI)|By:, SA News Editor

SiriusXM (NASDAQ:SIRI) reports that it added ~1.56M self-pay subscribers in 2017 to end the year with a tally of about 27.5M subs.

The final mark tops the company's increased annual guidance by ~160K net additions.

Total net subscriber additions in 2017 were ~1.39M, resulting in total subscribers of 32.7M at year end.

SiriusXM says that it expects to meet or exceed its 2017 guidance for revenue, adjusted EBITDA and free cash flow.

Freshly-issued guidance for 2018 includes self-pay net subscriber additions of ~1M, revenue of approximately $5.7B vs. $5.74B consensus, adjusted EBITDA of ~ $2.15B and Free cash flow of approximately $1.5B.

SIRI +2.64% premarket to $5.64.

Source: Press Release

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