Sirius XM (SIRI) Misses Q1 EPS by 1c, Maintains Guidance
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SiriusXM Reports First Quarter 2021 Results
April 28, 2021 7:00 AM EDTNEW YORK, April 28, 2021 /PRNewswire/ -- SiriusXM today announced first quarter 2021 operating and financial results, including revenue of $2.06 billion, an increase of 5% compared to the prior year period. The company recorded net income of $219 million in the first quarter of 2021, compared to $293 million in the prior year period. First quarter 2021 net income included a $220 million non-cash impairment charge related to the failure of the company's SXM-7 satellite, not reflecting any potential insurance recoveries, a $25 million charge related to the surrender of certain office space, and a $95 million benefit associated with a state tax audit settlement. Net income... More
