Sirius XM Reports Second Quarter 2020 Results

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Go back to Sirius XM Reports Second Quarter 2020 Results

Sirius XM (SIRI) Misses Q2 EPS by 1c, Revenues Miss

July 30, 2020 7:08 AM EDT

Sirius XM (NASDAQ: SIRI) reported Q2 EPS of $0.05, $0.01 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $1.87 billion versus the consensus estimate of $1.89 billion.

"Sirius XM's business during this challenging period has been resilient, and with improving results and visibility into the remainder of the year, I'm pleased to resume offering subscriber and financial guidance. Despite the incredible economic stresses brought about by the COVID-19 pandemic, our self-pay net subscriber additions grew by nearly 200,000 over the first quarter of the year, and we reported improved churn of just 1.6% per month... More