Sirius Ends 2012 With 23.9 Million Subs
Sirius XM announced it ended 2012 with 23.9 million subscribers, reporting two million net subscriber additions in 2012. The company also announced that it expects to meet or exceed all of its 2012 financial guidance. The Sirius XM stock has been on a roll of late, jumping up to $3.12 at the close yesterday. For the longest time, the stock was below $2.00.
The company also issued new subscriber and financial guidance for 2013, including net subscriber additions of approximately 1.6 million, a revenue target of over $3.7 billion, and free cash flow of $900 million.