Sirius XM (SIRI) Reports In-Line Q3 EPS; Initiates Dividend, $2B Buyback

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Go back to Sirius XM (SIRI) Reports In-Line Q3 EPS; Initiates Dividend, $2B Buyback

SiriusXM Reports Third Quarter 2016 Results

October 27, 2016 7:00 AM EDT

NEW YORK, Oct. 27, 2016 /PRNewswire/ -- SiriusXM today announced third quarter 2016 operating and financial results, including record quarterly revenue of $1.3 billion, up 9% from the third quarter of 2015.

Net income totaled $194 million in the third quarter of 2016, up 16% from $167 million in the third quarter of 2015. Net income per diluted common share was $0.04 in the third quarter of 2016 compared to $0.03 in the third quarter of 2015. Adjusted EBITDA grew 10% in the third quarter of 2016 to $492 million, while operating cash flow and free cash flow totaled $422 million and $357 million,... More