Bump today?...
Maybe strong leading up to Q4 report. Two reports:
(from Sirius PR)
SiriusXM Exceeds 2014 Subscriber and Financial Targets; Issues 2015 Guidance
Wed January 7, 2015 7:00 AM|PR Newswire
NEW YORK, Jan. 7, 2015 /PRNewswire/ -- SiriusXM today announced that it ended 2014 with 27.3 million subscribers, reporting 1.75 million net subscriber additions in the year, exceeding the company's increased guidance of 1.5 million net additions. Self-pay net additions in 2014 were 1.44 million, exceeding the company's 2014 guidance of 1.25 million and resulting in ending self-pay subscriptions of over 22.5 million.
The company also announced that it expects to exceed its 2014 guidance for revenue, adjusted EBITDA and free cash flow.
"SiriusXM performed very well in 2014, exceeding our 2014 subscriber and financial guidance, even after pushing most of these targets higher during the year. With more people than ever subscribing to satellite radio, we expect the company's strong performance to continue in 2015," said Jim Meyer, SiriusXM's Chief Executive Officer.
"Our exclusive, diverse, and expertly curated content continues to have widespread appeal. SiriusXM's automotive distribution is growing by millions of units per year, and we expect to continue our exceptional track record of growth while simultaneously investing in innovative new services for the connected vehicle," added Meyer.
The company also issued 2015 guidance for net subscriber additions, revenue, adjusted EBITDA, and free cash flow:
Net subscriber additions of approximately 1.2 million,
Revenue of approximately $4.4 billion,
Adjusted EBITDA of approximately $1.6 billion, and
Free cash flow of approximately $1.25 billion.
SiriusXM expects to announce its complete results for the fourth quarter and full year 2014 on February 5, 2015.
(from WSJ)
SiriusXM Tops 2014 Targets, but 2015 Guidance Comes Up Short
Satellite Radio Company Ends 2014 With 27.3 Million Subscribers
SiriusXM Holdings Inc. said Wednesday that it expects its revenue for last year to surpass its guidance as the satellite radio company added more subscribers than it had expected.
However, the company’s revenue guidance for this year came in shy of analysts’ views.
SiriusXM said it had 1.75 million net subscriber additions during 2014, beating its guidance of 1.5 million and bringing its overall subscriber count to 27.3 million.
The company also said it expects to report revenue that exceeds its outlook. In October, SiriusXM raised its top-line guidance to $4.15 billion from $4.1 billion.
Looking ahead to the rest of this year, the company said it expects to rack up net subscriber additions of about 1.2 million, lower than its forecast for last year, while posting revenue of about $4.4 billion.
Analysts polled by Thomson Reuters had been projecting nearly $4.5 billion in revenue for 2015.
SiriusXM said it expects to announce its fourth-quarter and full-year results Feb. 5.
