Earlier in the year, the world's largest radio broadcaster by revenue announced it had ended 2013 with 25.56 million subscribers, a total 1.66 million net subscriber additions over the 12 months and exceeding the company's raised guidance of 1.6 million net additions.
"SiriusXM had an outstanding 2013, and we expect to meet or exceed all other guidance we have provided for the year," said CEO Jim Meyer in a statement in early January. "Automotive distribution is hitting on all cylinders and an increasing number of households, at all income levels, are subscribing to SiriusXM."
For the year ended December, management expects revenue of around $3.77 billion and adjusted EBITDA of $1.14 billion. Analysts polled by Thomson Reuters forecast revenue of $3.78 billion and EBITDA of $1.16 billion.
"Our strong history of growth will continue in 2014, as we invest in new products and technologies, like our connected vehicle services business. Adjusted EBITDA growth will continue to exceed 20%, and free cash flow per share will grow even faster. We look forward to building on our progress and delivering enhanced value to our shareholders," said Meyer.
Over fiscal 2014, management expects revenue of more than $4 billion and adjusted EBITDA of around $1.38 billion, as well as 1.25 million net subscriber additions. Analysts expect revenue of $4.13 billion and EBITDA of $1.4 billion.
TheStreet Ratings team rates SIRIUS XM HOLDINGS INC as a Buy with a ratings score of B. The team has this to say about their recommendation: