Sirius XM Earnings Preview: Steady Growth In Subscriber Base To Continue

SIRIYTD+36.1%SPYYTD+14.9%XLCYTD-4.6%
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Sirius XM is scheduled to report its Q2 fiscal 2016 earnings on July 26th. Noting a rise in new car sales and increased penetration in the used car market, we expect the company to report steady growth in both its subscriber base and revenues. However, considering that Sirius XM’s subscriber base is nearing 30 million, new subscriber additions may not be as strong as they were a couple of years ago.

corrected siri second quarter earnings preview

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