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Discussion Starter #161
Sirius satellite radio fourth-quarter earnings more than double

Tuesday, February 05, 2013


NEW YORK (AP) — Satellite radio company Sirius XM Radio Inc. said Tuesday that its fourth-quarter net income more than doubled, helped by higher revenue from a growing number of paying subscribers.

The company also said it ended 2012 with 2 million more subscribers than at the end of 2011, and provided a revenue estimate for this year that topped Wall Street expectations.

“We continue to broaden our Internet capabilities to expand the user experience and strengthen our in-vehicle technologies,” said CEO Jim Meyer in a statement.

The company earned $156.2 million, or 2 cents per share, in the three months that ended on Dec. 31. That’s up from $71.3 million, or 1 cent per share, in the same period a year earlier.

Revenue rose 14 percent to $892.4 million from $783.7 million.

Analysts, on average, were expecting earnings of 2 cents per share on revenue of $899.7 million, according to a poll by FactSet.

Sirius said it had 23.9 million subscribers at the end of the year, up 9 percent from 21.9 million at the end of 2011.

The company expects 2013 revenue of more than $3.7 billion, above analysts’ expectations of $3.41 billion.

Sirius shares slipped 3 cents to $3.13 in morning trading. They have traded in a 52-week range of $1.78 to $3.25.
SOURCE
 

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Discussion Starter #162
$330 million lawsuit


Sirius XM Radio (NASDAQ: SIRI ) has won the latest legal tussle with its most magnetic on-air personality.

A New York state appeals court is standing by a trial judge's earlier ruling to toss out a $330 million lawsuit spearheaded by Howard Stern.

Stern's camp contends that his original contract featured subscriber bonuses that should have included the additional subscribers that Sirius gained when it acquired XM. The total compensation that Stern and his production company were seeking was $330 million.

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Discussion Starter #163
Sirius XM Radio Inc (NASDAQ:SIRI) gained 493,000 net subscribers in Q1 2013, Visa (NYSE:V) Posted 15% Gross revenue

May 03, 2013

Sirius XM Radio Inc’s penetration in the new car market remained 67% approximately and the conversion rate to subscribers was around 44%. The used car market will hold a good opportunity to add subscribers for SIRI.

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Discussion Starter #164
New Channels and Lineup Updates Beginning May 9th (2013)

Here's What You Need To Know

We’re adding some exciting channels to our lineup in the coming weeks—including Comedy Central Radio and Entertainment Weekly Radio—bringing even more variety and value to our listeners.

New channels include Pop2K, The Groove, Comedy Central Radio, Entertainment Weekly Radio, Viva, La Mezcla, Aguila, and RadioFórmula México.

To further improve your listening experience, we're also making several minor adjustments to our lineup including renaming some channels and moving a few others to a different number or category that's more logical or appropriate. Only a few channels are being impacted by these changes. O&A fans will continue to hear the channel as part of Sirius Premier on channel 206.

The minor lineup adjustments will occur on May 9th, with the new channels being added throughout May.

Get ready by using the handy tools we’ve provided (at right), and by downloading an updated, customized channel guide to help you locate your favorite programming. We are pleased to bring you these new channels and hope you enjoy them! Thank you for being a SiriusXM listener.


LINK to NEW Lineup
 

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Sirius XM Outlines More Growth for 2013, out to 2016-2018, at Annual Meeting

Posted: May 21, 2013


Sirius XM Radio Inc. (NASDAQ: SIRI) has some new forecasts for 2013. CEO James Meyer spoke to the company’s stockholders at the Sirius XM 2013 annual shareholders meeting on Tuesday. The satellite radio giant already guided numbers up for 2013, and now have more growth expected in 2013.

Sirius XM ended 2012 with 23.9 million users and ended the first quarter with 24.4 million users. Today’s projection is to end the year with roughly 25.3 million subscribers.

If you want to know just how much difference the company sees between it and Pandora Media Inc. (NYSE: P) and terrestrial radio, the numbers are rather stark. Sirius XM showed $142.34 in revenue per subscriber in 2012. That compares to only $6.51 per active Pandora user and $12.91 per Clear Channel listener.
Read more: Sirius XM Outlines More Growth for 2013, out to 2016-2018, at Annual Meeting - 24/7 Wall St. Sirius XM Outlines More Growth for 2013, out to 2016-2018, at Annual Meeting - 24/7 Wall St.
 

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Discussion Starter #166
07/09/2013

Sirius XM Radio Inc. (SIRI) said it added 715,000 net new subscribers in the second quarter, raising its total subscribers to more than 25 million.


Amid the improvement, the satellite-radio operator boosted its full-year outlook for total net subscriber additions to 1.5 million from its previous view of 1.4 million.

Sirius has been benefiting from strong subscriber revenue growth, and said Tuesday that improved automotive sales helped drive 15% growth in net additions over the second quarter.

"The new subscriber additions in the quarter have helped SiriusXM reach an exciting new milestone that reflects the popularity and reach of SiriusXM programming and services," Chief Executive Jim Meyer said.

In April, the company said its first-quarter earnings rose as its revenue growth outweighed a rise in expenses. Net subscriber additions during that quarter were about 453,000.
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Discussion Starter #167
Proton rocket poised to loft radio broadcast satellite
October 19, 2013

A Russian Proton rocket is set for launch Sunday with a 6.6-ton spacecraft to buttress Sirius XM Radio's fleet of satellites transmitting music, news and entertainment programming across North America.


The Proton rocket rolled to the launch pad and was erected vertically Thursday

The commercial launch, managed by U.S.-based International Launch Services, is set to take off at 1812:56 GMT (2:12:56 p.m. EDT) from the Baikonur Cosmodrome in Kazakhstan.

Russian technicians rolled the 191-foot-long rocket to launch pad 39 at Baikonur on Thursday.

Ground crews will oversee loading of the Proton rocket with hydrazine and nitrogen tetroxide propellants Sunday, then turn over control of the final moments of the countdown to a computer-run sequencer.

The rocket's six first stage RD-276 engines, firing at full throttle to produce 2.5 million pounds of thrust, will propel the launcher into the upper atmosphere, yielding to two more liquid-fueled stages as the Proton races east over Central Asia.

Built by Khrunichev State Research and Production Space Center in Moscow, the three-stage Proton will put the mission's Breeze M upper stage and the Sirius FM6 satellite on a ballistic trajectory just shy of the velocity required to achieve Earth orbit.

The Breeze M main engine will ignite at T+plus 11 minutes, 46 seconds, to reach a low-altitude parking orbit.


Artist's concept of the Sirius FM6 satellite. Credit: Space Systems/Loral

Four additional Breeze M engine firings will adjust the rocket's orbit over the next 9 hours. The burns are designed to raise the vehicle's altitude and move its orbit closer to the equator, reducing the work the Sirius FM6 satellite will need to do over the following weeks to arrive in an operational position 22,300 miles over the equator.

The Breeze M is scheduled to release the 13,234-pound Sirius FM6 spacecraft at 0324 GMT Monday (11:24 p.m. EDT Sunday) into an orbit with a peak altitude of 22,236 miles, a low point of 2,563 miles and an inclination of 23.18 degrees.

Over the next few days, Sirius FM6 will fire its own engine and climb into a circular orbit over the equator, where its speed will match the rate of Earth's rotation, making the satellite appear at a fixed point in the sky.

Built in Palo Alto, Calif., by Space Systems/Loral, Sirius FM6 will be stationed at 116 degrees west longitude. The satellite is based on Loral's 1300 spacecraft platform.

Loral says Sirius FM6 is one of the most powerful satellites available today. Its solar panels are expected to generate almost 20 kilowatts of power at the end of the spacecraft's 15-year service life.

Officials delayed Sirius FM6's launch from early 2012 to allow for inspections of the satellite's solar array deployment mechanism to ensure the craft is immune from glitches that struck other Loral satellites.

Sirius FM6 will reach more than 25 million subscribers to New York-based Sirius XM Radio's lineup of informational and entertainment programming. The new satellite will be the 10th spacecraft in the company's fleet, which reaches customers in the United States and Canada.

The Sirius FM6 mission continues a steady cadence of Proton launches after the venerable rocket's return-to-flight mission Sept. 29, which sent the ASTRA 2E communications satellite into orbit for SES of Luxembourg.
SOURCE
 

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Discussion Starter #168
20 October 2013

Launch of Proton-M carrier rocket postponed




Russia has delayed for 24 hours the launch of its Proton-M carrier rocket with the US's Sirius FM-6 satellite aboard, a source at the Baikonur Space Center has told the Voice of Russia.

The source has yet to comment on the reasons behind the change of plan for the launch schedule.


Read more: Launch of Proton-M carrier rocket postponed - News - Russia - The Voice of Russia: News, Breaking news, Politics, Economics, Business, Russia, International current events, Expert opinion, podcasts, Video
 

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Discussion Starter #170
press release

Nov. 4, 2013

SiriusXM to Launch Holiday Music Channels

With seven commercial-free channels featuring a collection of holiday music, SiriusXM offers most comprehensive lineup of holiday music channels on radio

Sirius XM Radio today announced its extensive holiday music lineup featuring seven commercial-free specialty channels celebrating the festive season.


SiriusXM's holiday music channels will offer listeners a variety of traditional holiday songs, classical Christmas carols, country Christmas classics, contemporary holiday tunes, soul music, Hanukkah music and Latin seasonal music.

SiriusXM's commercial-free holiday music channels will be available on multiple satellite radio channels. They will also be available in the Holiday category via the SiriusXM Internet Radio App for smartphones and other connected devices and online at siriusxm.com. Satellite radio channels that are pre-empted for the holiday content will be available to SiriusXM Internet Radio subscribers via smartphones and other connected devices at siriusxm.com.

SiriusXM's holiday channel lineup features:

Holiday Traditions (via satellite on channel 4)will feature traditional holiday music from the '40s through the '60s by artists such as Andy Williams, Ray Conniff, Bing Crosby and Nat "King" Cole.Tuesday, November 12 at 12:00 pm ET- Tuesday, December 31 at 3:00 am ET

Holly (via satellite on channel 17)will feature contemporary holiday music as well as traditional favorites, including songs by Kelly Clarkson, Josh Groban, Michael Buble, Mariah Carey, Trans-Siberian Orchestra, Colbie Caillat, Whitney Houston and the cast of Glee.

Tuesday, November 12 at 12:00 pm ET- Tuesday, December 31 at 3:00 am ET

Holiday Pops (via satellite on channel 75)will feature classical Christmas carols and other holiday favorites by the greatest classical musicians of all-time, including the Mormon Tabernacle Choir, Boston Pops, Luciano Pavarotti, The New York Philharmonic, King's College Choir and Thomas Hampson.Tuesday, December 3 at 12:00 pm ET- Thursday, December 26 at 3:00 am ET

Country Christmas (via satellite on channel 58)will feature a mix of country Christmas music from contemporary artists as well as classic country artists, including Garth Brooks, Carrie Underwood and Lady Antebellum.Tuesday, December 3 at 12:00 pm ET- Thursday, December 26 at 3:00 am ET

Navidad (SiriusXM channel 756)will feature contemporary Latin holiday music and with traditional classics, including Jose Feliciano, Willie Colon, Gloria Estefan, Marco Antonio Solis, El Gran Combo and Thalia.Tuesday, December 3 at 12:00 pm ET- Tuesday, January 7 at 3:00 am ET

Holiday Soul (via satellite on channel 49)will feature classic soul and Motown holiday music from the '60s and '70s as well as R&B from the '80s and '90s including Whitney Houston, Aretha Franklin, Michael Jackson, Luther Vandross, Smokey Robinson & The Miracles, Dionne Warwick, The Four Tops, The Supremes, The O'Jays, James Brown, The Temptations, Lou Rawls and Toni Braxton.Tuesday, December 10 at 12:00 pm ET - Thursday, December 26 at 3:00 am ET

Radio Hanukkah (via satellite on channel 111)will feature a wide variety of Hanukkah music including contemporary, traditional and children's Hanukkah classics.Wednesday, November 27 at 12:00 pm ET- Thursday, December 5 at 3:00 am ET
 

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Discussion Starter #171



11-6-13

Sirius XM Radio and Chrysler announced that all Chrysler, Jeep, Dodge, Ram, SRT, Fiat, and Mopar customers will receive a one-year SiriusXM subscription when purchasing any 2014 model year vehicle with a satellite radio-equipped Uconnect System. The one-year SiriusXM subscription includes every premium channel available on their satellite radio, plus access to SiriusXM Internet Radio.

"With SiriusXM's expanded channel lineup available via satellite in more vehicles from Chrysler Group, even more drivers and passengers will get access for the first time ever to an even deeper variety of commercial-free music, comedy, and live sports, along with the ability to listen outside of the vehicle with access to SiriusXM Internet Radio," said Steve Cook, Executive Vice President, Sales and Automotive, SiriusXM.


SOURCE
 

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Discussion Starter #172
press release

Dec. 2, 2013


SiriusXM Announces Sirius FM-6 Satellite Has Been Successfully Placed in Orbit and Declared Ready for Service

SiriusXM today announced that Sirius FM-6, the newest addition to its satellite fleet, has been successfully placed in orbit and was declared ready for service. The new satellite, which was manufactured by Space Systems/Loral, is intended to help ensure SiriusXM's array of audio entertainment and data services are received by vehicles, receivers for home and business, as well as mobile devices. It will play an important role in bolstering the continuity of SiriusXM's service for years to come.

Sirius FM-6 was launched October 25 from the Baikonur Cosmodrome in Kazakhstan aboard an International Launch Services (ILS) Proton. All orbit raising, deployments, and in-orbit tests are now successfully completed. The satellite will be situated at 116.15 degrees west longitude, over the western United States, and is designed to operate over North America.

"Sirius FM-6 will help ensure continuous and reliable delivery of service and will benefit current and future SiriusXM subscribers across North America," said Robert Briskman, Co-Founder and Technical Executive, SiriusXM. "The new satellite will bolster the reliability and longevity of our satellite fleet for many years to come. We congratulate our engineering team, Space Systems/Loral and International Launch Services on a successful launch and implementation."
 

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Discussion Starter #173
Americans continue to warm up to paying for streaming music.


02/05/2014


The latest evidence surfaced Tuesday when Sirius XM Radio reported that it added 411,484 paid subscribers in the fourth quarter — helping it beat Wall Street revenue forecasts for the period.


The strong fourth quarter for signing up paying subscribers — as opposed to those who get a free trial with their new car — brought 2013 self-paid subscriber sign-ups to 1.5 million for the year.

Sirius projected it will add another 1.25 million customers in 2014 willing to fork over at least $9.99 per month.

The satellite-radio company, currently considering a takeover bid from majority shareholder Liberty Media, reported a 12 percent increase in fourth-quarter revenue to $1 billion.

Profits of $65.2 million, or 1 cent a share, fell short of expectations. As a result, Sirius shares fell nearly 1 percent, to $3.52, on Tuesday.

“It seems there’s this huge battle for the consumers’ wallets in the $10 range,” said Ken Doctor, an associate analyst with Outsell.

Doctor noted that Sirius has a serious lead over rivals, but Pandora and Spotify are out there fighting back.

Pandora recently started signing up deals with automakers. Its $36-a-year premium Pandora One service has not bowled over the public yet — but investors may get an update when Pandora reports results Wednesday.

Spotify, which offers its own $10-a-month service, made a push recently by offering a free tier — and some 4 million tried it out, sources said.

Separately, SoundExchange, which collects fees from digital radio players, recorded a 28 percent rise in revenue in 2013, to $590.4 million. That reflects both an escalation in royalty fees paid by the likes of Sirius, which cuts it a percentage of revenue, and an increase in music streamed.

SoundExchange is suing Sirius for $100 million in nonpayment of fees for music recorded before 1972.
SOURCE
 

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Liberty Media Quits SIRIUS XM Buyout Plan


03/14/2014


Liberty Media Corp. (LMCA - Analyst Report), which owns 53% of Sirius XM Holdings Inc. (SIRI - Analyst Report), has called off its plan to buy the rest of the shares of the satellite-radio provider. Meanwhile, Liberty Media announced the formation of two tracking stocks, one to be named as Liberty Media Group while the other will be Liberty Broadband Group.

In Jan 2014, the Liberty Media expressed its desire to take full control of SIRIUS XM Radio, in a deal worth more than $10 billion.
SOURCE
 

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Discussion Starter #175
Lincoln receive a six-year subscription to SiriusXM Traffic and SiriusXM Travel Link

PRESS RELEASE
June 23, 2014


Lincoln Customers to Get Multiyear Subscription to SiriusXM Traffic and SiriusXM Travel Link Starting with 2015 Vehicles





Customers buying any Lincoln vehicle equipped with navigation will receive a six-year subscription to information and entertainment services delivered by SiriusXM via satellite, including traffic conditions, weather, fuel prices, sports scores and movie listings


SiriusXM and Lincoln Motor Company today announced that customers purchasing any Lincoln brand vehicle equipped with navigation will receive a six-year subscription to SiriusXM Traffic and SiriusXM Travel Link, starting with 2015 vehicles.

"Lincoln has offered SiriusXM Traffic and SiriusXM Travel Link on vehicles since 2009, and we are proud of the confidence Lincoln has shown in satellite-delivered information and entertainment services," said Rodney Pickett, Senior Vice President, Automotive Partnerships, SiriusXM. "Alongside SiriusXM's unparalleled variety of audio entertainment, SiriusXM Traffic and SiriusXM Travel Link make an already extraordinary driving experience better than ever."

SiriusXM Traffic and SiriusXM Travel Link provide luxury vehicle customers with valuable driving and entertainment information delivered via satellite from SiriusXM.

"Lincoln customers value quick, easy and seamless access to information, " said Andrew Frick, Lincoln Group Marketing Manager. "This collaboration is an excellent example of the intuitive, customer-focused technology Lincoln provides in every vehicle."

Lincoln customers will get access to SiriusXM Traffic and SiriusXM Travel Link, a suite of advanced services with features that include:

-- Traffic speed: Color-coded roads on the vehicle's navigation screen show
traffic speed in major metro areas

-- Accidents, construction and road closures: Receive traffic alerts,
including information on accidents, disabled vehicles, construction and
road closures

-- Alternate route guidance and mapping: In-vehicle navigation system and
detailed traffic data allow drivers to choose alternate routes and
receive updated directions to avoid congested roads

-- Fuel prices: Get detailed information on fuel prices and the ability to
sort by lowest price, fuel type, distance or brand name

-- National weather information: Receive coast-to-coast weather data
including current conditions, five-day forecasts and weather maps

-- Sports scores: Get in-game and final scores, as well as weekly game
schedules, for world-class professional sports and college programs

-- Movie listings: Access detailed local movie theater listings including
start times and ratings

Customers purchasing any new Lincoln vehicle equipped with satellite radio also receive a six-month subscription to SiriusXM's All Access Package with access to SiriusXM's premium programming lineup. This includes every NFL game, Howard Stern, every NASCAR(R) race, Oprah Radio(R) and MLB Network Radio(TM), plus access to SiriusXM Internet Radio on smartphones and other connected devices as well as online at siriusxm.com.

For more information on SiriusXM, please visit Welcome to the world of satellite radio - SiriusXM Radio.

About The Lincoln Motor Company

The Lincoln Motor Company is the luxury automotive brand of Ford Motor Company, committed to creating compelling vehicles with an exceptional ownership experience to match. The Lincoln Motor Company is in the process of introducing four all-new vehicles through 2016. For more information about The Lincoln Motor Company, please visit media.lincoln.com or Luxury Cars, Crossovers SUVs | The Lincoln Motor Company | Lincoln.com. Follow us on Facebook at facebook.com/lincoln.

About SiriusXM

Sirius XM Holdings Inc. (NASDAQ: SIRI) is the world's largest radio broadcaster measured by revenue and has 25.8 million subscribers. SiriusXM creates and broadcasts commercial-free music; premier sports talk and live events; comedy; news; exclusive talk and entertainment; and the most comprehensive Latin music, sports and talk programming in radio. SiriusXM is available in vehicles from every major car company in the U.S. and from retailers nationwide as well as at shop.siriusxm.com. SiriusXM programming is available through the SiriusXM Internet Radio App for smartphones and other connected devices as well as online at siriusxm.com. SiriusXM also provides premium traffic, weather, data and information services for subscribers in cars, trucks, RVs, boats and aircraft through SiriusXM Traffic(TM), SiriusXM Travel Link, NavTraffic(R), NavWeather(TM), SiriusXM Aviation, SiriusXM Marine(TM), Sirius Marine Weather, XMWX Aviation(TM), and XMWX Marine(TM). SiriusXM holds a minority interest in SiriusXM Canada which has more than 2 million subscribers.

On social media, join the SiriusXM community on Facebook, Twitter, Instagram, and YouTube.

This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about future financial and operating results, our plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "believe," "intend," "plan," "projection," "outlook" or words of similar meaning. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results may differ materially from the results anticipated in these forward-looking statements.

The following factors, among others, could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: our competitive position versus other radio and audio entertainment providers; our ability to attract and retain subscribers, which is uncertain; our dependence upon the auto industry; general economic conditions; failure of our satellites, which, in most cases, are not insured; the interruption or failure of our information and communications systems; the security of the personal information about our customers; royalties we pay for music rights, which increase over time; the unfavorable outcome of pending or future litigation; our failure to realize benefits of acquisitions; rapid technological and industry change; failure of third parties to perform; changes in consumer protection laws and their enforcement; failure to comply with FCC requirements and other government regulations; and our indebtedness. Additional factors that could cause our results to differ materially from those described in the forward-looking statements can be found in our Annual Report on Form 10-K for the year ended December 31, 2013, which is filed with the Securities and Exchange Commission (the "SEC") and available at the SEC's Internet site (U.S. Securities and Exchange Commission | Homepage). The information set forth herein speaks only as of the date hereof, and we disclaim any intention or obligation to update any forward looking statements as a result of developments occurring after the date of this communication.
 

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Discussion Starter #176

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Sirius XM to pay $3.8 million to settle complaints

Sirius XM to pay $3.8 million to settle complaints

December 6, 2014

NEW YORK (AP) — Some Sirius XM customers, who were charged for satellite radio service they didn't want, can now apply for a refund.

Sirius XM agreed Friday to pay $3.8 million to settle complaints that it misled customers with its advertising and billing practices. The money will be split among 46 states and the District of Columbia. Those in four states, California, Hawaii, Wyoming and New York, can't apply for a refund, Sirius said.


State attorneys general said customers complained that it was difficult to cancel their Sirius XM contracts, and some said that Sirius XM automatically renewed contracts without asking.

As part of the settlement, Sirius XM agreed to make several changes to its business, including improving its cancellation process and sending notices before automatic renewals. Sirius XM said in a statement that the changes have already been made.

Customers who may have been unfairly charged between July 28, 2008, and Dec. 4, 2014, can apply for a refund from their state's attorney general office or from Sirius XM. Contact information for Sirius XM is available online at siriusxm.com/settlementprogram.

Sirius XM Holdings Inc., based in New York, has about 26.7 million subscribers. The company said the settlement will have no material financial effect on its business.
SOURCE
 

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Discussion Starter #178
End of SiriusXM Satellite Radio?

Will Connected Cars Bring About the End of SiriusXM Satellite Radio?


December 10, 2014

When Sirius and XM first launched as separate companies, satellite radio offered people a vastly superior selection of content to the smattering of terrestrial stations offered in each market.

That continued as the companies merged into SiriusXM (NASDAQ: SIRI ) . Now, the vastly expanding number of digital music services and podcasts coupled with the increasing availability on in-vehicle Wi-Fi may make the service unnecessary and irrelevant.


Continued Here
 

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Sirius XM Exceeds Net Sub Growth Expectations

01/07/2015

Sirius XM (SIRI) Exceeds FY14 Net Sub Growth Expectations

Sirius XM (NASDAQ: SIRI) announced that it ended 2014 with 27.3 million subscribers, reporting 1.75 million net subscriber additions in the year, exceeding the company's increased guidance of 1.5 million net additions. Self-pay net additions in 2014 were 1.44 million, exceeding the company's 2014 guidance of 1.25 million and resulting in ending self-pay subscriptions of over 22.5 million.


The company also announced that it expects to exceed its 2014 guidance for revenue, adjusted EBITDA and free cash flow.

"SiriusXM performed very well in 2014, exceeding our 2014 subscriber and financial guidance, even after pushing most of these targets higher during the year. With more people than ever subscribing to satellite radio, we expect the company's strong performance to continue in 2015," said Jim Meyer, SiriusXM's Chief Executive Officer.

"Our exclusive, diverse, and expertly curated content continues to have widespread appeal. SiriusXM's automotive distribution is growing by millions of units per year, and we expect to continue our exceptional track record of growth while simultaneously investing in innovative new services for the connected vehicle," added Meyer.

The company also issued 2015 guidance for net subscriber additions, revenue, adjusted EBITDA, and free cash flow:

Net subscriber additions of approximately 1.2 million,
Revenue of approximately $4.4 billion,
Adjusted EBITDA of approximately $1.6 billion, and
Free cash flow of approximately $1.25 billion.

SiriusXM expects to announce its complete results for the fourth quarter and full year 2014 on February 5, 2015.
SOURCE
 

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SiriusXM Passes Used Car Milestone

SiriusXM Passes Used Car Milestone

01/23/2015


SiriusXM today announced at the annual National Automobile Dealers Association Convention and Expo in San Francisco that it has surpassed 15,000 auto dealers enrolled in the SiriusXM Pre-Owned Program. This program is designed to give SiriusXM another shot at activating satellite radio’s in used cars. The program offers a free trial to buyers of these cars.

“The SiriusXM Pre-Owned Program launched in the summer of 2011, giving auto dealers the opportunity to provide subscriptions to all of their customers purchasing satellite equipped vehicles. Major OEMs have supported the program with their franchise dealerships, and many of the nation’s top auto dealer groups have followed with 100% of their locations participating in the program,” said Joe Verbrugge, Senior Vice President and General Manager, Automotive Remarketing and Retail Sales, SiriusXM. “We are thrilled that there are now more than 15,000 dealers that have taken advantage of this no-cost program, giving their customers access to SiriusXM’s unparalleled lineup of commercial-free music, plus premier sports, comedy, news, exclusive talk and entertainment.”

Customers purchasing any pre-owned vehicle with a factory-installed satellite radio from a dealer enrolled in the SiriusXM Pre-Owned Program will receive a three-month subscription to SiriusXM’s “All Access” package.

In addition, the SiriusXM Service Lane program has surpassed 6,000 dealers enrolled since the program launched in 2013. Dealers enrolled in Service Lane can provide a 2-month subscription to SiriusXM’s Select package to qualifying customers who have their satellite radio-equipped vehicles serviced.

The concept here is simple. The company has already paid to install a satellite radio receiver into a car. Subsequent owners of that car may be experiencing satellite radio for the first time. The program gives a second, third, or even fourth life to the satellite radio. New customers that come out of this program are very profitable because the cost side of the associated radio was absorbed previously. SiriusXM has made a concerted effort in maximizing potential by tapping into this new pool of potential subscribers.
SOURCE
 
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