SiriusXM Surpasses 25 Million Subscribers

by Hassahn Liggins - Posted Tuesday, July 9th, 2013. Category: URBAN

http://www.radiofacts.com/siriusxm-surpasses-25-million-subscribers/

Sirius 23 SiriusXM Surpasses 25 Million SubscribersSirius XM Radio today announced that it added 715,000 net new subscribers in the second quarter, bringing its total subscribers to more than 25 million. Strong automotive sales helped drive 15% growth in net additions over the second quarter of 2012 and set a post-merger record for quarterly net subscriber additions. 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 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,” said Jim Meyer, CEO, SiriusXM. “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.”

The Company also reiterated its existing 2013 guidance for 1.6 million self-pay net subscriber additions.

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