Tuesday, July 9, 2013

Sirius XM Radio Surpasses 25M Subscribers

Sirius XM Radio said Tuesday that it added 715,000 net new subscribers in the second quarter, bringing its total subscriber base to more than 25 million as of mid-year.

The satellite radio firm controlled by John Malone's Liberty Media said that was a new quarterly record for the time since the Sirius-XM merger, according to THR.

In comparison, Netflix ended the first quarter with 29.17 million U.S. subscribers, and cable giant 
Comcast reported 21.94 million video and 51.9 million total customers.

"Strong automotive sales helped drive 15 percent growth in net additions over the second quarter of 2012 and set a post-merger record for quarterly net subscriber additions," the company said.

Sirius XM also raised its full-year guidance for total net subscriber additions to 1.5 million from 1.4 million previously.


No comments:

Post a Comment