Sirius XM (SIRI) Reports In-Line Q4 EPS, Reiterates FY Guidance
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SiriusXM Reports Fourth Quarter and Full-Year 2019 Results
February 4, 2020 7:00 AM EST
NEW YORK, Feb. 4, 2020 /PRNewswire/ -- SiriusXM today announced fourth quarter and full-year 2019 operating and financial results, including revenue of $2.1 billion and $7.8 billion, respectively, increasing 38% and 35% compared to the prior year periods. Revenue was boosted by the acquisition of Pandora Media on February 1, 2019. The Company's net income declined 3% to $243 million in the fourth quarter, while full-year net income totaled $914 million, down from $1.2 billion in 2018 due to higher acquisition, refinancing, and depreciation and amortization expenses in 2019. Net income per diluted common share was $0.05 in the fourth quarter, compared to $0.06 in the prior year period, while... More
