Sirius XM Earnings: Strong Subscriber Addition, Raised Guidance Sum Up The Quarter
- Sirius XM’s revenue and EBITDA increased by over 10% year over year in Q2 fiscal 2016, driven by continued strength in subscriber additions
- Though subscriber additions were slower than the year ago period, they remained strong at over half a million. And considering that the company now has close to 30 million subscriber, such an increase looks promising
- The main highlight of the quarter, however, was the increase in annual guidance for subscriber additions, revenues, adjusted EBITDA, and free cash flow
- This was the second consecutive quarter this year when the company has raised its guidance, which has pleased investors, as evident from the rise in stock price
- Going forward, we expect solid growth in Sirius XM’s subscribers to continue backed by a high penetration in the new car market and increasing penetration into the used car space.
- New car penetration rate is strong at 73%, one percentage point ahead of the year ago figure, and used car penetration rate has gone up to 29% from 26% in the first half of 2015
Have more questions about Sirius XM? See the links below:
- What’s Sirius XM’s Revenue & Earnings Breakdown In Terms Of Revenue Sources?
- What’s Sirius XM Fundamental Value Based On Expected 2016 Results?
- How Has Sirius XM’s Revenue Composition Changed In The Last Five Years?
- By What Percentage Can Sirius XM’s Revenues Grow Over The Next Three Years?
- By How Much Can Sirius XM’s Subscription Gross Margins Expand By 2020?
- How Much Revenues Can New Sirius XM Subscribers Add By 2020?
- Down 10% Since 2023, Will Sirius Stock Recoup These Losses After Q4 Results?
- What To Expect From Sirius’ Q3 After Stock Down 28% This Year?
- What’s Next For Sirius Stock After A 26% Fall This Year?
- Sirius Q2 Earnings: What Are We Watching?
- What To Expect From Sirius XM’s Stock Post Q1?
- Sirius Stock Down 30% So Far in 2023, What’s Next?
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