SiriusXM Issues Mixed Outlook: FY15 Beats, FY16 Looks Slightly Weaker Than Expected

SiriusXM Holdings Inc. SIRI reported 2015 year-ending subscribers of 29.6 million, with 2.3 million subscriber additions topping the company's previously-issued guidance of 2 million subscriber adds.

Following Tuesday's post-market release, shares of SiriusXM traded up just 0.4 percent in the after-hours session. While the fiscal year 2015 numbers were seemingly solid, traders and investors may be weighing initial fiscal year 2016 as equally important.

The company said its looking for fiscal year 2016 sales of about $4.9 billion, slightly below the current analyst consensus estimate of $4.92 billion. Net subscriber adds are expected to be around 1.4 million, with adjusted EBITDA approximately $1.78 billion. SiriusXM said free cash flow will be around $1.4 billion for the year.

The company's CEO, Jim Meyer, said, "We delivered a fantastic year in 2015, nearly doubling our original subscriber guidance and beating our other financial guidance across the board, even after raising our subscriber and financial guidance multiple times. I'm very pleased we were able to renew key content agreements during the year, especially agreements with Howard Stern and the NFL that extend through the end of the decade and beyond."

SiriusXM sees closing the company's fourth-quarter and fiscal year 2015 results during the first week of February 2016.