Sirius XM (SIRI) Q4 Earnings Meet & Rise Y/Y, View Intact
Zacks Investment Research | Jan 31, 2018 09:01PM ET
Sirius XM Holdings Inc. (NASDAQ:SIRI) reported fourth-quarter 2017 financial numbers wherein the top line beat the Zacks Consensus Estimate while the bottom line was in line with the same.
Earnings per share (excluding 6 cents from non-recurring items) of 5 cents met the Zacks Consensus Estimate. However, the metric rallied 25% from the year-ago figure.
Total revenues of $1,403.9 million, climbed 7.7% year over year and also outpaced the Zacks Consensus Estimate of $1,395.4 million. The revenues beat pleased investors. As a result, the stock gained 2.7% at the close of trading session on Jan 31.
Quarterly total operating expenses were $1,007.19 million, up 3.5% year over year. Sirius XM posted record fourth-quarter adjusted EBITDA growth of 14% year over year to $542 million. The company’s average revenues per user increased 2.1% year over year to $13.43 in the fourth quarter.
At the end of the fourth quarter, Sirius XM had $541.83 million of cash from operations compared with $503.13 million in the year-ago quarter. Quarterly free cash flow was $460.32 million compared with $429.42 million in the prior-year quarter.
At the end of the quarter under review, Sirius XM had nearly $69.02 million of cash and cash equivalents and $6,741.24 million of long-term debt compared with $213.94 million and $5,842.76 million, respectively, at the end of 2016. During 2017, the company repurchased 271 million shares for $1.4 billion.
Sirius XM Holdings Inc. Price, Consensus and EPS Surprise
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