SiriusXM announced its quarterly earnings today and the company did not disappoint. Though it was already disclosed that the company had met or exceeded all guidance, the big news was that instead of posting the expected earnings of 2 cents per share, SiriusXM hit 3 cents per share. Highlights included: 2014 Revenue Climbs 10% to… → Read More
As conference call day inches closer, analysts are beginning to weigh in on the prospects of the Q4 earnings report from SiriusXM. Wunderlich’s Matthew Harrigan is maintaining a Hold rating and a $3.50 price target. While some investors may not like this rating, it is a prudent move on Harrigan’s part. Many analysts wait until… → Read More
Analysts were expecting auto sales to have a SAAR of 16.6 millon and that is pretty much what we saw. Overall sales for January of 2015 were 1,147,250. This was a nice boost over the 1.09 million we saw 2014 start off with. With a good start in January, we can anticipate that sales could… → Read More
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SiriusXM 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… → Read More
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
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
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
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
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
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