7-9-13
Thanks to strong automotive sales, SiriusXM says it added 715,000 net new subscribers in the second quarter, bringing its total subscribers to more than 25 million. The company also announced that it was raising full-year guidance for total net subscriber additions to 1.5 million from its previous guidance of 1.4 million. The company also reiterated its existing 2013 guidance for 1.6 million self-pay net subscriber additions.
SiriusXM CEO Jim Meyer said, "The new subscriber additions in the quarter have helped SiriusXM reach an exciting new milestone that reflects the popularity and reach of SiriusXM programming and services. The quarterly results bolster SiriusXM's leadership position in a dynamic audio entertainment marketplace as we continue our trend of strong, profitable growth. Additionally, we are raising 2013 subscriber guidance to 1.5 million net additions based on our record performance in the quarter."
