Sirius XM’s Record $940 Million Revenue in Second Quarter…

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

13 Responses

  1. Yves Villeneuve
    Yves Villeneuve

    Don’t believe they are charging enough for a subscription. They can probably get away with charging $9 or $10 a month and finally pay artists and labels the SoundExchange rate. Maybe even pay the Rhapsody rate.

  2. Jim

    What’s interesting is that they have 4.8M NON-paying subscribers. That a huge churn potential.

  3. Tune Hunter
    Tune Hunter

    XM is one of the few fair links in music business!
    That 940 makes 3.8 billion / yr and this makes $12+ per month.
    Great result considering that you get discount for multiple accounts or for the fact that you remove Howard!
    They also have perfect (iTunes / CD) demographics to convert them to first radio music retailer.


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