Sirius Earnings Helped by Pandora Investment -- Earnings Review
April 25 2018 - 6:47AM
Dow Jones News
By Cara Lombardo
Sirius XM Holdings Inc. (SIRI) reported its first-quarter
earnings Wednesday. Here's what you need to know:
EARNINGS: The radio company reported net income of $289 million,
or 6 cents a share, up from $207 million, or 4 cents a share, a
year ago. The increase includes a $31 million unrealized gain
associated with a fair value change of the company's investment in
Pandora (P). Analysts polled by Thomson Reuters had expected
adjusted earnings of 5 cents a share.
REVENUE: Revenue increased 6% from a year ago to $1.4 billion,
which is what analysts expected. Average revenue per user was flat
from a year ago at $12.95.
SUBSCRIBERS: Sirius added 330,000 subscribers during the
quarter, topping 33 million paying subscribers at quarter-end.
GUIDANCE: The company reiterated its 2018 guidance of revenue of
about $5.7 billion.
Write to Cara Lombardo at cara.lombardo@wsj.com
(END) Dow Jones Newswires
April 25, 2018 07:32 ET (11:32 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
Sirius XM (NASDAQ:SIRI)
Historical Stock Chart
From Apr 2024 to May 2024
Sirius XM (NASDAQ:SIRI)
Historical Stock Chart
From May 2023 to May 2024