4-24-14
It was the 9th consecutive quarter of double-digit revenue growth for the satellite radio company. For the first quarter of 2014, SiriusXM generated $851 million in subscriber revenue and $22.2 million in advertising revenue. Add in equipment and other revenue and the total for Q1 was $997.7. CEO Jim Meyer said the company performed ahead of expectations in the quarter. Free cash flow grew 56 percent to $223 million, adjusted EBITDA climbed 28 percent to $335 million, and adjusted EBITDA margin was 33.5 percent in the quarter.
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