Why Shares Of Sirius XM Are Trading Higher
Shares of Sirius XM Holdings Inc. (NASDAQ: SIRI) were trading higher by nearly 2 percent during Wednesday's pre-market session after the company reported encouraging subscriber data and 2015 outlook.
Sirius XM stated that it added 1.75 million net subscribers throughout 2014, which topped its prior year-end estimate of 1.5 million additions. Total self-pay customers at the end of 2014 was 22.5 million.
The company also issued 2015 guidance as follows:
- Net subscriber additions of approximately 1.2 million.
- Revenue of approximately $4.4 billion.
- Adjusted EBITDA of approximately $1.6 billion.
- Free cash flow of approximately $1.25 billion.
Sirius XM will announce its fourth quarter and full year 2014 results on February 5.
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