SiriusXM reported quarterly earnings today and for the most part the company met expectations and there was little surprise in the numbers delivered. The first quarter of 2014 started off with revenue of $998 million and earnings per diluted share 0f $0.02. Net income was $94 million, and Adjusted EBITDA reached a record of $335… → Read More
As I get ready to write this I can not help but think back to the past 24 months and tons of keystrokes regarding a debt to EBITDA ratio of 4.5 vs. the 3 that Mel Karmazin said was the sweet spot. At the time, I pointed out that the added debt would be used… → Read More
SiriusXM will be reporting its quarterly financials this Thursday. In my opinion the key element of this call will be expectations. Right, wrong, or indifferent, Sirius has shifted from a “darling” when Liberty Media made an offer to bring the company under its umbrella to “questionable” ever since Liberty pulled its offer off of the… → Read More
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SiriusXM and NBC News will launch TODAY Show Radio on June 26, making the NBC morning program available to radio listeners for the first time ever. The new channel will give listeners across the country access to live audio feeds from both coasts, including replays. The deal will make SiriusXM the exclusive audio home of… → Read More
SiriusXM today announced that the ratings on the 5.25% Senior Notes due 2022 issued by its subsidiary, SiriusXM Radio Inc., have been upgraded to investment grade by both Standard & Poor’s Ratings Services and Moody’s Investors Service. “The upgrade of the ratings on the Notes to investment grade has the effect of eliminating many of… → Read More
I know that many will not want to see, hear, or speak about this, but it has happened. SiriusXM’s 100 day Exponential Moving Average (EMA) has crossed below the 200 day EMA. This is a bearish event, and could not happen at a worse time for this equity. I follow EMA’s for SiriusBuzz Premium members… → Read More
The auto sector showed a little life in March with the help of incentives. For the month auto sales were 1,533,520. This beat March of last year by about 80,000 units and even allowed Q1 of 2014 to better Q1 of the previous year. Q1 2014 was about 48,000 units better than Q1 of the… → Read More
SiriusXM announced today that it plans to announce first quarter 2014 financial and operating results on Thursday, April 24, 2014. The company will hold a conference call at 8:00 am ET on Thursday, April 24, to discuss these results. SiriusXM typically announces results prior to the market open. This quarterly call is happening just a few… → Read More
Avis Budget Group, Inc. has announced that SiriusXM is now available to a majority of Avis Car Rental and Budget Car Rental customers via factory-installed satellite radios. The new offering will give customers easy access to satellite radio… for a price. Previous to this development, Avis and Budget offered satellite radio via a plug… → Read More
This week on SiriusXM will kick off tonight at 8pm with a special Town Hall featuring rapper 50 Cent. The show can be heard on Shade 45, where 50 will discuss, promote, and give listeners a sneak peak of his upcoming album, Animal Ambition, which is scheduled for release on June 3, 2014. Rebroadcast tomorrow… → Read More