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SiriusXM Q4 revenue up 4%

US pay-radio operator SiriusXM has announced its Q4 and full-year 2022 operating and financial results, including revenue of $2.28 billion (€2.09bn) and $9 billion, respectively. SiriusXM’s revenue was flat in the quarter compared to the prior year period, and increased by 4 per cent in 2022 compared to the prior year – this dragged down […]

February 3, 2023By Chris Forrester

SiriusXM discounts for truckers

North American pay-radio operator SiriusXM is tracking trucking fleets in North America, and their drivers, and offering up to 60 per cent discounts for users. Truckers and fleet companies operating delivery vehicles can now save up to 60 percent off the regular rate of a satellite radio subscription, with SiriusXM Pandora offering a satellite and […]

June 3, 2022By Chris Forrester

SiriusXM to pay special dividend

North American pay-radio operator SiriusXM reported its quarterly numbers on February 1st (to December 31st) and said it had gained a net 55,000 self-paying subscribers in Q4. That’s the good news. The bad news was that its Pandora streaming music division lost 128,000 subs during final quarter of the year. Drilling down into its end-of-year […]

February 2, 2022By Chris Forrester

SiriusXM prices $2.5bn of fresh debt

North American pay-radio operator SiriusXM has priced two batches of new Senior Notes. The borrowings will be used to redeem existing debt. The two amounts are: $1 billion of 3.125 per cent notes due for repayment in 2026, and $1.5 billion of 3.875 per cent notes due in 2031 “This represents an increase of $250 […]

August 3, 2021

SiriusXM’s SXM-8 ready for work

North American pay-radio operator SiriusXM’s latest satellite, SXM-8, has been handed over to the broadcaster by its builder Maxar Technologies. The satellite is already in orbit and has now completed its in-orbit test programme. It launched on June 6th from Cape Canaveral, Florida. Maxar sais in a statement: “SXM-8 is the ninth high-powered, digital, audio […]

August 2, 2021By Chris Forrester

SiriusXM launches VIP bundle

US pay-radio operator SiriusXM has unveiled an all-embracing Platinum VIP bundle. It allows subscribers two car access, two streaming log-ins and other perks. The other ‘perks’ might be extremely useful given that it covers a selection of some 5000 live concert video and audio recordings available via The broadcaster says: “SiriusXM Platinum VIP subscribers […]

July 27, 2021By Chris Forrester

SiriusXM to borrow $2bn

US pay-radio operator SiriusXM, helped in the knowledge that its latest satellite is on its way to orbit, is to raise $2 billion in the form of 4 per cent senior notes “subject to market conditions”. The new borrowings will be used to repay all of its outstanding 3.875 per cent Senior Notes due next […]

June 8, 2021By Chris Forrester

Analyst: SiriusXM to top $2bn revenues this quarter

There’s a strong likelihood that US pay-radio operator SiriusXM will reach – and perhaps top – $2 billion in overall revenues this quarter-year. It will declare its results on April 28th. Analysts at financial services business Zacks say they expect SiriusXM to report its quarterly numbers in the range of $1.98-$1.99 billion. The operation was […]

April 7, 2021By Chris Forrester

SiriusXM adds 909,000 subs

US pay-radio broadcaster SiriusXM has reported its Q4 and full year numbers. It added 909,000 net new self-pay subscribers during the year and taking the total to 30.9 million. Revenues were $8.04 billion (FY, up 3 percent) and $2.19 billion (up 6 percent) for the quarter ending December 31st. SiriusXM returned about $1.81 billion overll […]

February 3, 2021By Chris Forrester

SiriusXM beats 2020 guidance

Pay-radio company SiriusXM told the NASDAQ exchange that it added 909,000 new subscribers to taking the operator’s total self-pay numbers to 30.9 million “and beating its most recent guidance”. Moreover, SiriusXM says it expects to meet or exceed its overall 2020 guidance for revenues and cash-flow. As far as 2021 is concerned SiriusXM says it […]

January 12, 2021By Chris Forrester