Sirius XM (SIRI) Reports In-Line Q1 EPS; Lifts Oulook

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SiriusXM Reports First Quarter 2016 Results

April 28, 2016 7:01 AM EDT

NEW YORK, April 28, 2016 /PRNewswire/ -- SiriusXM today announced first quarter 2016 operating and financial results, including record high quarterly revenue of $1.2 billion, up 11% from the first quarter of 2015.

Net income totaled $171 million in the first quarter of 2016, up 62% from $106 million in the first quarter of 2015. Net income per diluted common share was $0.03 in the first quarter of 2016 compared to $0.02 in the first quarter of 2015. Adjusted EBITDA in the first quarter of 2016 was $441 million, an 11% increase from $399 million in the first quarter of... More