Sirius XM said it had an adjusted profit of a penny a share, compared to the Thomson Reuters average estimate for a break-even quarter. Revenue was up from a year ago to $670.6 million, although that fell short of the $671.3 million consensus. The average revenue per subscriber rose to $11.48, while subscriber acquisition costs per subscriber fell to $59.
Sirius XM reaffirmed its full-year guidance, saying it expects revenue of over $2.7 billion, more than 500,000 net subscriber additions and positive free cash flow.
Sirius XM shares were higher by a penny, or 0.8%, to $1.24 in the premarket session. The 50-day average daily volume for Sirius XM is 158 million, according to the Nasdaq.
Sirius Somber on Howard Stern
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