SiriusXM Q4 Revenue up 14%
SiriusXM reported Q4 2012 revenue of of $892 million, an increase of 14% over 2011. Net income for the fourth quarter of 2012 was $156 million compared to $71 million in 2011. Free cash flow grew by 40% to $269 million in the fourth quarter of 2012, a record amount for a single quarter, from $192 million in the fourth quarter of 2011. Self-pay net subscriber additions improved by 41% to approximately 529,000 in the fourth quarter of 2012 from approximately 374,000 in the fourth quarter of 2011.
SiriusXM also gave guidance for 2013 and here are the highlights:
•Self-pay net subscriber additions of approximately 1.6 million,
•Total net subscriber additions of approximately 1.4 million,
•Revenue of over $3.7 billion,
•Adjusted EBITDA of over $1.1 billion, and
•Free cash flow approaching $900 million.
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