Sirius XM Holdings Inc (SIRI)

[MCArmel1]

Sirius XM EPS in-line, beats on revenue

Oct 28 2014, 07:03 ET | About: Sirius XM Holdings Inc. (SIRI) | By: Mohit Manghnani, SA News Editor

Sirius XM (NASDAQ:SIRI): Q3 EPS of $0.02 in-line.
Revenue of $1.06B (+10.2% Y/Y) beats by $20M.
Shares +3.9% PM.
Press Release

http://seekingalpha.com/news/2063835-sirius-xm-eps-in-line-beats-on-revenue?uprof=45#email_link

SiriusXM Reports Third Quarter 2014 Results
1 comment | Tue October 28, 2014 7:00 AM|PR Newswire | About: SIRI

NEW YORK, Oct. 28, 2014 /PRNewswire/ --
•Revenue Increases 10% to a Record $1.1 Billion
•Net Income of $136 Million, Up 117%
•Adjusted EBITDA Climbed 29% to a Record $381 Million
•Share Repurchases Total Nearly $2.1 Billion Year-to-Date
•2014 Subscriber, Revenue and Free Cash Flow Guidance Raised

SiriusXM today reported its third quarter 2014 financial and operating results, including revenue of $1.057 billion, up 10% from $962 million in the third quarter of 2013. Net income was $136 million, or $0.02 per diluted share, in the third quarter of 2014, an increase of 117% from $63 million, or $0.01 per diluted share, in the third quarter of 2013.
photos.prnewswire.com/prnvar/20101014/NY82093LOGO
Adjusted EBITDA climbed 29% to a record $381 million in the third quarter of 2014 from $296 million in the third quarter of 2013.

"We are very pleased with the performance of SiriusXM in the third quarter, and we are entering the fourth quarter with tremendous momentum. So far this year we have added nearly 1.2 million subscribers, grown our Adjusted EBITDA margin by more than five percentage points, and increased free cash flow by 32%," said Jim Meyer, Chief Executive Officer, SiriusXM.

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http://seekingalpha.com/pr/11457235-siriusxm-reports-third-quarter-2014-results