Entertainment · 67 views
SiriusXM Adds 22K Subscribers, But Shares Fall After Earnings Miss
The company reported net income of $239 million, or $0.70 per share, which slightly missed analyst expectations.
AI Summary
SiriusXM added 22,000 paid subscribers in the second quarter, bringing its total subscriber base to 33 million. Monthly churn fell to 1.4 percent, the lowest level in company history. The company reported revenue of $2.16 billion, up 1 percent year over year, and net income of $239 million, or an adjusted earnings per share of $0.70, which slightly missed analyst expectations but rose 23 percent year over year. Despite the modest growth, shares fell 13 percent in pre‑market trading.
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