SiriusXM To Report Earnings

quarterly resultsSiriusXM announced today that it plans to release full-year and fourth quarter 2014 financial and operating results on Thursday, February 5, 2015.  The company will host a conference call at 8:00 am ET on Thursday, February 5, to discuss these results.  The company had an impressive track record through the first three quarters of 2015, and with good auto sales in Q4 should have little trouble reporting a good close to the year.

SiriusXM has already announced that it has met or exceeded all guidance for 2014, so surprises are not really expected.  That being said, the company could be holding back a little information that could generate some buzz.  One item that the street will be curious on is how the share repurchase program is progressing.

The company typically reports earnings prior to the market opening, and this call is not an exception to that rule.  Analysts are expecting a profit of 2 cents per share on revenue of $1.08 billion.  The company reported a profit of 1 cent per share a year ago, so the headlines should serve nicely on a year over year comparison.  Stay Tuned!

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SiriusXM Passes Used Car Milestone

SiriusXM today announced at the annual National Automobile Dealers Association Convention and Expo in San Francisco that it has surpassed 15,000 auto dealers enrolled in the SiriusXM Pre-Owned Program.  This program is designed to give SiriusXM another shot at activating satellite radio’s in used cars.  The program offers a free trial to buyers of these… → Read More

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December Auto Sales Close Out 2014 Strong

Auto Sales in December of 2014 closed out the year strongly by bringing in sales of 1,502,505 units.  This is a decent jump from 1,354,000 units sold in December of 2013.  For the entire year auto sales came in at 16,437,067 units, more than 900,000 vehicles better than the numbers of the previous year.  As… → Read More

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SiriusXM Adds Subscribers – Hits All Guidance Metrics

SiriusXM has announced that it ended 2014 with 27.3 million subscribers, representing an addition of approximately 600,000 subscribers.  This represents 1.75 million net subscriber additions during the year, which exceeded the company’s increased guidance of 1.5 million net additions. Self-pay net additions in 2014 were 1.44 million, which exceeded the company’s 2014 guidance of 1.25… → Read More

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Subaru Announces New Deal With SiriusXM

Subaru of America, Inc. today announced agreements with Sirius XM Connected Vehicle Services Inc., a unit of Sirius XM, and AT&T to provide enhancements to its Subaru STARLINK in-vehicle connectivity system. The enhancements will deliver improved personal safety and security services to vehicle occupants via 4G LTE wireless connectivity.  For SiriusXM, this deal represents yet… → Read More

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SiriusXM and Volvo Make Traffic and Weather Service A 4 Year Deal

SiriusXM and Volvo Cars of North America have announced that Volvo customers will automatically receive a 4-year subscription to SiriusXM Traffic and weather information when purchasing any new Model Year 2015.5 vehicle equipped with the latest generation of Volvo Sensus Connect, Volvo’s connected car platform.  The new deal could help SiriusXM in developing services beyond… → Read More

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Can Old Lawsuit Help SiriusXM in New Lawsuit?

As many readers know, SiriusXM has faced some legal setbacks recently with regard to pre-1972 music recordings.  The Turtles, authors of “Happy Together”, have sued the satellite radio provider in several states over royalties.  The current laws for royalties cover songs after 1972, leaving a loop hole of sorts in what happens with pre-1972 recordings…. → Read More

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SiriusXM Settles Over Automatic Renewal – Pays $3.8 million

File this in the category of “headache gone”.  SiriusXM has agreed to settle an action by several Attorney General’s to refund about $3.8 million dollars to consumers who’s service was automatically renewed but undesired.  As part of the settlement, Sirius XM has also agreed to make several changes to its business, including improving its cancellation process and… → Read More

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November 2014 Auto Sales A Mixed Bag, But Good For SiriusXM

The reports from the auto sector were a mixed bag of sorts, but overall the numbers will treat SiriusXM just fine.  Auto sales were a mixed bag because some OEM’s saw year over year declines.  Despite this fact, overall auto sales were 55,000 units higher than November of 2013.  November of 2014 saw sales come… → Read More

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Will Liberty and SiriusXM Merge

The question of what Liberty intends to do with its stake in SiriusXM is always not far from the surface of any discussion relative to the satellite radio provider.  With the recent moves and spin-off’s that Liberty Media has made, the concept becomes even more interesting.  With the cable side of Liberty already spun off,… → Read More