Sirius XM Radio generated record revenues of $940 million and $126 million in profit during the second quarter. CEO Jim Meyer said, “Sirius XM’s second quarter results reflect record performance on almost every vital metric: the 25 million subscriber milestone, record revenue, adjusted EBITDA and adjusted EBITDA margin.”
The satellite radio company obtained 716,000 subscribers in the past quarter, bringing the number up to a total of 25.1 million, a 9% increase since the last year period. Paying subscribers reached 20.3 million, also a 9% increase over the past 12 months.
by Priscilla Kim