Liberty SiriusXM Group (LSXMA) Reports Q1 EPS of $0.07, Revenues Beat

Liberty SiriusXM Group (NASDAQ: LSXMA) reported Q1 EPS of $0.07. Revenue for the quarter came in at $2.06 billion versus the consensus estimate of $1.98 billion.

• Attributed to Liberty SiriusXM Group
  • SiriusXM reported first quarter 2021 financial results
    • First quarter revenue of $2.06 billion; an increase of 5% from prior year period
    • First quarter net income of $219 million; diluted EPS of $0.05, or $0.07, excluding one-time items
    • Adjusted EBITDA(2) of $682 million in the first quarter, up 7% from prior year period
    • SiriusXM self-pay net subscriber additions of 126,000, an increase of 83% year-over-year
    • SiriusXM reiterated 2021 financial and subscriber guidance

“SiriusXM started the year off strong with growing trial starts and impressively low churn. They continued to repurchase stock and Liberty’s ownership is now over 77%,” said Greg Maffei, Liberty President and CEO. “Formula 1 continues to be nimble in managing its 23-race calendar and has produced some phenomenal racing. The Braves plan to expand to 100% capacity at Truist Park today and are contending in the competitive NL East.”

For earnings history and earnings-related data on Liberty SiriusXM Group (LSXMA) click here.

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