All Numbers Are Up at SiriusXM

4-28-15

First quarter revenue for the Satellite company was up 8% to $1.08 Billion. The company also added 431 thousand new subscribers, a 61% increase from the 267 thousand added in the first quarter of 2014. Free cash flow of $276 million was up 24%, while free cash flow per share of $0.49 was up 36%. SiriusXM now has 27.7 million paying subscribers. The company has increased its 2015 revenue and subsciber guidance, now projecting it will generate $4.47 Billion in revenue and add 1.4 million new subscribers rather than 1.2 million.

SiriusXM Chief Financial Officer & Executive Vice President David Frear said, "For the second quarter in a row, we have been pleasantly surprised by the strength of our subscriber performance. Once again, the quarter was a little better than we expected on all fronts resulting in a lot better than we expected in total. All acquisition channels, new car, used car, win back and aftermarket are performing well; and with improved churn, it was the best first quarter for self-pay net adds that we have had in seven years. You have to go back to the first quarter of 2008 to find a bigger quarter ? first quarter for us."

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SiriusXM Posts Record Q4 Revenue

2-5-15

A stellar year of automobile sales helped propel SiriusXM to a record quarter and a very successful 2014. The Satellite company reported net income of $143 million in Q4 and $493 million for 2014, compared to $65 million in the 4th quarter of 2013 and $377 million for 2013. The company also recorded 576,689 net new subscribers in the fourth quarter, marking the largest fourth-quarter increase since 2007. Self-pay net subscriber adds were 508,032 in the fourth quarter of 2014 compared to 411,484 in the fourth quarter of 2013. When you add in all revenue streams, including subscriber, advertising, equipment and other, SiriusXM took in $1.1 Billion in Q4 and just under $4.2 Billion in 2014

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SiriusXM Wants Listeners To Keep 2015 Resolutions

12-30-14

The Satellite radio company is offering up channels of special programming to help listeners with their 2015 resolutions, including Joel & Victoria Osteen on living a hopeful life, Alexa von Tobel on getting out of debt, NYU Langone Medical Center doctors on reaching wellness goals, Entertainment Weekly Radio on making the most of your pop culture time, Randi Zuckerberg on mastering tech and social media, The Wharton School with advice on kick-starting your business or career, and Jenny McCarthy and "The Moms" on being the best parent you can be in 2015. "Resolution Radio" programming starts Thursday.

Doctor Radio powered by NYU Langone Medical Center (SiriusXM channel 81)
? "Rehabilitative Medicine" - Host Jonathan Whiteson assists listeners to "kick the habit" with smoking cessation strategies. Monday, January 5
? "Primary Care Medicine" - Dr. Marina Kurian will discuss finding the right exercise routine to get in shape in 2015. Wednesday, January 7
? "Doctor Radio Reports" - Perri Peltz, veteran journalist, documentary filmmaker, and public health advocate, will host "Resolution Solutions" exploring a variety of health and wellness goals for 2015. Thursday, January 8
? "Nutrition and Exercise" - Samantha Heller, registered dietician, certified nutritionist, and exercise physiologist presents healthy eating strategies to aid listeners in achieving weight loss goals. Friday, January 9

Joel Osteen Radio (SiriusXM channel 128) 
? "A Night of Hope" - Joel Osteen welcomes 2015 with "A Night of Hope" live from the American Airlines Center in Dallas, TX. Friday, January 2 at 8 p.m. ET.
? "Joel Osteen Live" - Join Joel Osteen as he shares inspiration and insights on how to have a closer walk with God throughout the New Year. Monday, January 5
? "Victoria Osteen Live" - Victoria Osteen shares tips on being the best you can be for your family in 2015. Wednesday, January 7

Business Radio powered by Wharton (SiriusXM channel 111)
? On New Year's Day, business, career, and finance experts share their best advice for improving your professional and business life in 2015. Thursday, January 1
? "Knowledge @ Wharton" - Host Dan Loney is joined by financial planner Eric Brotman for a conversation about financial resolutions. Monday, January 5
? "Your Money" - Will cover the psychology behind making resolutions to "get out of debt." Tuesday, January 6
? "Dot Complicated with Randi Zuckerberg" - Randi Zuckerberg will assist listeners resolving to be better with technology and social media. Wednesday, January 7

SiriusXM Stars (SiriusXM channel 109)
? Celebrity host and parenting author Jenny McCarthy is joined by "The Moms," Denise Albert and Melissa Musen Gerstein, to talk about being the best parent you can be in 2015. Monday, January 5
? SiriusXM host and author Jenny Hutt will provide advice to listeners looking to lose weight in 2015. From apps to help listeners monitor their calories to the latest workouts, Jenny will kick off 2015 with a guide to getting the weight off and keeping it off. Wednesday, January 7
? "Financially Fearless with Alexa von Tobel" - The Learnvest CEO takes listener questions about getting out of debt and saving more money in 2015. Thursday, January 8

Entertainment Weekly Radio (SiriusXM channel 105)
? If your resolution is to get up-to-speed with the latest TV shows, movies, books, and music, join "EW Morning Live" for a discussion about what you should be watching, reading, and listening to in 2015. Monday, January 5

Road Dog Trucking (SiriusXM channel 146)
? For truck drivers, "Freewheelin' with Meredith Ochs and Chris T." will explore the many ways you can accomplish your health, financial, and educational goals without ever leaving your truck. Tuesday, January 6

OutQ (SiriusXM 106)
? For the LGBT community, on "Derek & Romaine," SiriusXM host Romaine Patterson encourages listeners to get involved in charities, advocacy groups, and community-service projects.  Tuesday, January 6

Kids Place Live (SiriusXM channel 78)
? Hosts Kenny Curtis and Absolutely Mindy help families set goals to spend more quality time together by sharing ideas to make the most of your time with the kids. Friday, January 9

(12/29/2014 9:47:47 PM)
Jeeeezuz! How sad is this story? Literally, 90% of this stuff could be replaced with "get off your fat ass America and use common sense." Greatest country in the world???

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SiriusXM and YouTube Announce The YouTube EDM 15

11-12-14

Everyone is jumping in on the EDM craze and that includes SiriusXM and YouTube. The two companies announced the launch of the new weekly show featuring trending electronic dance songs based on YouTube viewership data. Its the second collaboration between SiriusXM and YouTube. The YouTube 15 launched earlier this year, and is hosted by Jenna Marbles. The YouTube 15 introduced many songs from emerging artists, such as George Ezra, Dotan, and Chet Faker, who then received regular airplay for the first time in the U.S. across multiple SiriusXM channels. The YouTube EDM 15 will be hosted by rising EDM duo The Chainsmokers, and will air weekly starting Friday, November 21, at 8:00 pm ET, and throughout the weekend, on BPM, channel 51.

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National Champion QB Joins SiriusXM

7-10-14

Greg McElroy, who quarterbacked the Alabama Crimson Tide to a BCS National Championship title in 2010, has joined the roster of hosts on SiriusXM College Sports Nation, Channel 91. McElroy and SiriusXM's Taylor Zarzour will host The First Team, a new morning show on SiriusXM College Sports Nation which will debut Monday, July 14, and air live every weekday from 7-10 a.m. ET/6-9 a.m. CT throughout the year.

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How Many Subs Will SiriusXM Lose?

7-6-14

When word got out to Opie and Anthony fans that Cumia was gone, a petition was quickly thrown up on change.org asking SiriusXM to reinstate him. As of Monday morning there were over 11,000 supporters. The firing also prompted some fans to cancel their subscriptions, some of those letters are being posted at The Wrap website. We should know what the impact of those cancelations are the next time the company reports quarterly earnings. It's sure to be a question asked.

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SiriusXM Revenue Grows 11%

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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NBA Radio Launching on SiriusXM

12-5-13

The new station will begin broadcasting Monday on channel 217. The station will carry 14 live games every week and NBA-focused news and talk programming. Hosts on the chanel include  Lionel Hollins, Mike Dunleavy and Sam Mitchell.

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New SiriusXM Satellite Ready For Service

12-2-13

Sirius FM-6, the newest addition to the company's satellite fleet, has been successfully placed in orbit and declared ready for service. The new satellite is intended to help ensure SiriusXM's array of audio entertainment and data services are received by vehicles, receivers for home and business, as well as mobile devices. Sirius FM-6 was launched October 25 from the Baikonur Cosmodrome in Kazakhstan aboard an International Launch Services (ILS) Proton.

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SiriusXM Scores Exclusive Florida Georgia Concert

11-14-13

Sirius XM Radio says Florida Georgia Line will perform at The Troubadour in Los Angeles at an exclusive invitation-only concert for SiriusXM listeners on Monday, November 25. The private concert will be broadcast on Wednesday, November 27 at 8:00 p.m. ET via satellite on The Highway, channel 59, and through the SiriusXM Internet Radio App on smartphones and other connected devices, as well as online at siriusxm.com. 

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SiriusXM Revenue Rises 11%. Plans Price Increase

10/24/13

SiriusXM reported third-quarter record results of $962 million, up 11 percent from Q3 of 2012. The company also announced it will be raising its price by six dollars per year for basic packages starting in January. This is the second price increase since a government ban was lifted following the merger of Sirius and XM in 2008. CEO Jim Meyer said, ?While changing prices is a hard decision, especially in the competitive audio entertainment market, we are assured that our subscribers see substantial value in our service and that this modest change will not considerably impact retention next year.? In 2011 SiriusXM increased the cost of its basic package by 1.50 dollars.

Meyer said the company "had a great quarter," adding more than half a million subscribers. We also saw double-digit growth in revenue for the seventh consecutive quarter, a new quarterly record for adjusted EBITDA and adjusted EBITDA margin, and significant growth in free cash flow."

Adjusted EBITDA for Q3 was up 21 percent, to $296 million, with adjusted EBITDA margin at nearly 31 percent. Free cash flow was $245 million, up 26 percent from $195 million in Q3 of 2012.

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SiriusXM To Repurchase $2 Billion In Stock

10-10-13

The SiriusXM Radio board of directors has approved an additional $2 billion common stock repurchase program. The company also announced that it has agreed to repurchase $500 million of common stock from Liberty Media. The shares are intended to be purchased in three installments in November 2013, January 2014, and April 2014. To date, the company has repurchased 476,545,601 shares of common stock for an aggregate purchase price of approximately $1.6 billion. 

In a press release, the company said, "The announcement of the new repurchase program reflects the board's desire to continue to return value to stockholders and its confidence in the long-term growth prospects of the company's business. SiriusXM retains ample capital capacity to continue making long-term investments in its programming, research and development initiatives, and overall operations, as well as pursue strategic opportunities that may arise."

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New Comedy Channel To Launch on SiriusXM

9-26-13

Sirius XM Radio announced the launch of its newest 24/7-comedy channel, Just For Laughs Radio. The channel will feature over 30 years of stand-up comedy from the comedy archives of the Just For Laughs Festival in Montreal. The Festival's archives include performances from Bill Burr, Greg Giraldo, Dave Chappelle, Dane Cook, Kevin Hart, Mitch Hedberg, Aziz Ansari, and Russell Peters, among other comedic talents. The channel premieres Thursday on Channel 403.

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SiriusXM To Retire $539.6 Million In Debt

9-26-13

SiriusXM announced Wednesday that, on October 25, 2013 it will redeem all of its outstanding 7.625 percent senior notes due 2018. As of September 25, $539.5 million of the 7.625 percent notes remains outstanding. SiriusXM intends to use the proceeds from the issuance of $650 million aggregate principal amount of its 5.875 percent senior notes due 2020 to fund the redemption.

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SiriusXM And Bleacher Report Launch New Show

9-13-13

Sirius XM and Bleacher Report are teaming up to create an all-new daily sports talk program launching Monday. Bleacher Report Radio, which will be hosted by SiriusXM's Steve Covino and Rich Davis, will air nationwide every weekday (11:00 a.m.-1:00 p.m. ET/8:00 a.m.-10:00 a.m. PT) on SiriusXM Sports Zone (Sirius channel 92 and XM channel 208). 

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SiriusXM And FOX Extend Agreement

9-3-13

The agreement between Fox and SiriusXM has been extended through 2019 and includes FOX News and FOX Business Network, and for the first time includes FOX News Talk which will be streamed on SiriusXM Internet Radio. FOX News Chairman and CEO Roger Ailes said, "Our viewers love the ability to keep the connection with FOX News Channel, even while they're in the car with SiriusXM. This agreement not only ensures that will continue but expands it to our FOX Business Network viewers and restores the FOX News Talk channel to SiriusXM subscribers on their computers and smart phones. This is good for FOX News, for SiriusXM, and for the people we both work for, the American public."

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SiriusXM Adds The Dan Patrick Show

8-29-13

Dan Patrick's mid-morning (9:00am to 12:00 pm) show will begin airing on the all-sports talk channel Mad Dog Sports Radio, SiriusXM channel 86. SiriusXM's President and Chief Content Officer Scott Greenstein said, "Dan is one of this country's most prominent sports voices and his show has been engaging sports fans with entertaining and insightful commentary and newsmaking interviews for well over a decade. The Dan Patrick Show is an all-star addition to the Mad Dog Sports Radio lineup."

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SiriusXM And MLB Extend Agreement Six Years

8-19-13

Sirius XM and Major League Baseball have agreed to a six-year extension of their agreement, which will now make MLB game broadcasts available on both Sirius and XM satellite radios, starting today. All MLB games will be available for the first time to subscribers with Sirius radios on either a Premier or All Access package. All MLB games will continue to air on all XM radios. SiriusXM has been brodacsting MLB games since 2005.

"Baseball has been an essential part of our programming lineup and we're very happy to extend our relationship with MLB to deliver the games to our subscribers for many years to come," said Scott Greenstein, SiriusXM's President and Chief Content Officer. "We're especially pleased to now offer the games to SiriusXM subscribers whether they listen through Sirius radios, XM radios, the SiriusXM App, or online."

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SiriusXM To Acquire Connected Vehicle Unit Of Agero

8-15-13

Sirius XM Radio is buying the connected vehicle services business of Agero for $530 million in cash. The connected vehicle unit of Agero provides telematics services, offering safety, security, and convenience services for drivers and end-to-end, turnkey solutions for automakers. Following the acquisition, SiriusXM will provide connected vehicle services to more automotive manufacturers -- including Acura, BMW, Honda, Hyundai, Infiniti, Lexus, Nissan, and Toyota -- than any other telematics provider.

SiriusXM CEO Jim Meyer said, "The acquisition of Agero's connected vehicle business is a natural fit for SiriusXM. As the world's leading provider of in-vehicle subscription services, SiriusXM is uniquely positioned to offer world-class, end-to-end telematics services. The transaction accelerates SiriusXM's development in architecture supporting connected vehicle services, as well as the ability to provide services over both satellite and cellular networks. Agero's connected vehicle team is known for their experience, innovation, and technology, and we look forward to welcoming them to SiriusXM as we work to capture the significant growth opportunities in connected vehicle services."   

The transaction is subject to the expiration or early termination of the Hart-Scott-Rodino antitrust waiting period and other customary closing conditions. The transaction is expected to close in the fourth quarter of 2013. 

Morgan Stanley acted as financial advisor to SiriusXM in connection with this transaction.

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SiriusXM Q2 Revenue Up 12%

7-24-13

Sirius XM announced Q2 2013 revenue of $940 million, up 12 percent from second quarter 2012 revenue of $838 million. Net income for the quarters 2013 and 2012 was $126 million and $3.1 billion, respectively. Net income in the second quarter of 2012 benefited from a $3 billion reversal of deferred income tax valuation allowances. The company also reported net subscriber additions of 715,762, up from 622,042 in Q2 2012, marking the largest quarterly gain since Q4 2007. The total paid subscriber base has reached a record 25.1 million, up 9 percent from the prior year period.

CEO Jim Meyer said, "SiriusXM's second quarter results reflect record performance on almost every vital metric: the 25 million subscriber milestone, record revenue, adjusted EBITDA, and adjusted EBITDA margin. We grew our revenue at double-digit rates for the sixth consecutive quarter while being very mindful of our costs as we invest in advanced IP and telematics platforms designed to provide more services to our subscribers and automakers."

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