Sirius XM Q2 Revenue Up 9%, Subscribers Pass 32 Million
Sirius XM exceeded investor expectations with a strong Q2 report. News that revenue was up 9% for the quarter to $1.3 billion and subscriptions grew 466,000 to 32 million sent the stock up 8% by mid-afternoon on Thursday.
Sirius XM Q2 2017 Earnings Highlights
- Net Self-Pay Subscribers Grow 466,000; Total Subscribers Exceed 32 Million
- Second Quarter Revenue Climbs 9% to $1.3 Billion
- Quarterly Net Income Rises 16% to $202 Million
- Adjusted EBITDA Grows 12% to a Quarterly Record of $522 Million
- Quarterly Operating Cash Flow Rises 12% to $483 Million; Free Cash Flow Grows 6% to $417 Million
Read the full earning report here.