SiriusXM Added Two Million Net Subscribers In 2012
January 9, 2013

SiriusXM Radio announces that it ended last year 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.

SiriusXM also issued new subscriber and financial guidance for 2013:

Revenue of over $3.7 billion
Adjusted EBITDA of over $1.1 billion
Free cash flow approaching $900 million
Self-pay net subscriber additions of approximately 1.6 million 
Total net subscriber additions of approximately 1.4 million

"SiriusXM set a post-merger record of 2 million net additions in 2012, and we expect to report financial and operating results that meet or exceed all of the guidance we provided for 2012. Net self-pay subscriber additions in 2012 increased over 30% to more than 1.6 million, turning in our best performance since 2008," said Jim Meyer, SiriusXM CEO. "Our unparalleled programming and product innovations, such as On Demand programming and the soon to be launched customization feature, will allow us to continue our strong record of growth driving our subscriber base to exceed 25 million in 2013. With our laser like focus on cost efficient growth and customer service, we will continue to achieve double digit growth in adjusted EBITDA and free cash flow allowing us to return substantial capital to stockholders through our $2 billion stock buyback program."




 
Breaking News
Emmis Announces Executive Promotions
iHeartRadio Joins Snapchat Discover
Pandora Listeners Receive More Uninterrupted Hours With Sponsored Listening
July 24, 2015
Radio Industry & SESAC Reach Settlement
CBS Radio Names David Yadgaroff As SVP/Market Manager For Philadelphia
In Brief - July 24, 2015
July 23, 2015
Frankie V. Heads Home To Boston
Major Changes at CBS RADIO
In Brief - July 23, 2015
July 22, 2015
VH1 President Tom Calderone Exits The Network
Jordan Lee Named PD At 88Nine Radio Milwaukee
July 21, 2015
Cumulus Promotes Hayden Green To OM For Fort Walton Beach/Destin
Rich Bengloff Stepping Down As A2IM President
In Brief - July 21, 2015
July 20, 2015
CBS Radio Names Scott Herman Chief Operating Officer
CBS Radio Restructures Senior Leadership Team
Leigh McNabb Named PD Of KZPT/Kansas City
Third Annual KBA WKU Radio Talent Insitute
In Brief - July 20, 2015
July 15, 2015
eQB NOW
The Week In Review: 7/13-7/17
Entercom Taps Tony Lorino As PD Of Star 94/Atlanta
Nielsen Music Canada Releases 2015 Mid-Year Report
iHeartMedia Names Kenny Day SVP/Political Sales & Strategy
Music News
Rapper Future Hits #1 With Surprise Album
Quick Hits: U2 & Lady Gaga, Disclosure & Sam Smith, Ed Sheeran, Mariah Carey, Bobbi Kristina Brown, Guns N' Roses, Sevendust, Joseph Jackson
Ed Sheeran TV Special To Air On NBC
Quick Hits: Five Finger Death Punch, Prince, Meg Myers, The Grateful Dead
Quick Hits: Lil Wayne & Charlie Puth, Vance Joy, Lana Del Rey
Quick Hits: Selena Gomez, James Blake / Kanye West, Incubus
Taylor Swift, Ed Sheeran Lead MTV VMA Noms
Quick Hits: Chvrches, Korn, HardDrive Live Tour, Wilco
Singer/Actor Tyrese Gets His First #1 Album
Quick Hits: Made In America Festival, Little Mix, Kanye West, Big Sean, Minus The Bear, Don Henley, AC/DC's Phil Rudd
Wilco Surprise The Galaxy With New Album Star Wars
The Week In Review: 7/13-7/17
Quick Hits: Calvin Harris, Ed Sheeran / Jamie Lawson, Lil Wayne
Justin Bieber Working with Jack On Next LP
Quick Hits: Katy Perry, Chvrches, David Gilmour, Gorillaz
FMQB NOW

Jonathan Shuford, PD
WRVW/Nashville

Advertisement:
Search FMQB.com
Advertisements:
FMQB Member Login
Email:
Pass:

Save
Not a member yet?
Sign up Now!
Sign Up for Breaking News!
Enter FMQB E-Tracking!