Sirius XM Holdings (SIRI) Q2 Earnings Beat, Revenues Up Y/Y
Zacks Investment Research | Jul 30, 2019 09:38PM ET
Sirius XM Holdings (NASDAQ:SIRI) reported second-quarter 2019 earnings of 6 cents per share that beat the Zacks Consensus Estimate by a penny and were flat year over year.
Total revenues on a reported basis jumped 38.1% year over year to $1.98 billion and beat the Zacks Consensus Estimate of $1.93 billion.
Subscriber revenues (77.7% of total revenues) increased 17.9% from the year-ago quarter to $1.54 billion. Advertisement (18.1%) surged 661.7% year over year to $358 million. Equipment revenues (2.1% of total revenues) increased 10.8% from the year-ago quarter to $41 million.
However, Music royalty fee and other revenues (2.1% of total revenues) decreased 6.8% from the year-ago quarter to $41 million.
On a pro-forma basis, revenues increased 8.8% year over year, primarily driven by solid contribution from Pandora Media. Pandora’s average revenue per user (ARPU) increased 0.2% year over year to $6.53.
In the reported quarter, Sirius XM’s ARPU increased 4% year over year to $13.83, the highest growth rate recorded in nine years. Notably, ARPU excludes the impact of revenues from Sirius XM’s connected vehicle services.
Sirius XM Holdings Inc. Price, Consensus and EPS Surprise
Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.