NEW YORK, Jan. 7, 2015 /PRNewswire/ -- SiriusXM today
announced that it ended 2014 with 27.3 million subscribers,
reporting 1.75 million net subscriber additions in the year,
exceeding the company's increased guidance of 1.5 million net
additions. Self-pay net additions in 2014 were 1.44 million,
exceeding the company's 2014 guidance of 1.25 million and resulting
in ending self-pay subscriptions of over 22.5 million.
The company also announced that it expects to exceed its 2014
guidance for revenue, adjusted EBITDA and free cash flow.
"SiriusXM performed very well in 2014, exceeding our 2014
subscriber and financial guidance, even after pushing most of these
targets higher during the year. With more people than ever
subscribing to satellite radio, we expect the company's strong
performance to continue in 2015," said Jim
Meyer, SiriusXM's Chief Executive Officer.
"Our exclusive, diverse, and expertly curated content continues
to have widespread appeal. SiriusXM's automotive distribution is
growing by millions of units per year, and we expect to continue
our exceptional track record of growth while simultaneously
investing in innovative new services for the connected vehicle,"
added Meyer.
The company also issued 2015 guidance for net subscriber
additions, revenue, adjusted EBITDA, and free cash flow:
- Net subscriber additions of approximately 1.2 million,
- Revenue of approximately $4.4
billion,
- Adjusted EBITDA of approximately $1.6
billion, and
- Free cash flow of approximately $1.25
billion.
SiriusXM expects to announce its complete results for the fourth
quarter and full year 2014 on February 5,
2015.
About SiriusXM
Sirius XM Holdings Inc. (NASDAQ: SIRI) is the world's largest
radio broadcaster measured by revenue and has 27.3 million
subscribers. SiriusXM creates and broadcasts commercial-free
music; premier sports talk and live events; comedy; news; exclusive
talk and entertainment; and the most comprehensive Latin music,
sports and talk programming in radio. SiriusXM is available in
vehicles from every major car company in the U.S. and from
retailers nationwide as well as at shop.siriusxm.com. SiriusXM
programming is available through the SiriusXM Internet Radio App
for smartphones and other connected devices as well as online at
siriusxm.com. SiriusXM also provides premium traffic, weather, data
and information services for subscribers in cars, trucks, RVs,
boats and aircraft through SiriusXM Traffic™, SiriusXM Travel Link,
NavTraffic®, NavWeather™, SiriusXM Aviation, SiriusXM Marine™,
Sirius Marine Weather, XMWX
Aviation™, and XMWX Marine™. SiriusXM holds a minority
interest in SiriusXM Canada which has more than 2 million
subscribers.
On social media, join the SiriusXM community on Facebook,
Twitter, Instagram, and YouTube.
This communication contains "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. Such statements include, but are not limited to,
statements about future financial and operating results, our plans,
objectives, expectations and intentions with respect to future
operations, products and services; and other statements identified
by words such as "will likely result," "are expected to," "will
continue," "is anticipated," "estimated," "believe," "intend,"
"plan," "projection," "outlook" or words of similar meaning.
Such forward-looking statements are based upon the current beliefs
and expectations of our management and are inherently subject to
significant business, economic and competitive uncertainties and
contingencies, many of which are difficult to predict and generally
beyond our control. Actual results may differ materially from
the results anticipated in these forward-looking
statements.
The following factors, among others, could cause actual
results to differ materially from the anticipated results or other
expectations expressed in the forward-looking statements: our
competitive position versus other radio and audio entertainment
providers; our ability to attract and retain subscribers, which is
uncertain; our dependence upon the auto industry; general economic
conditions; failure of our satellites, which, in most cases, are
not insured; the interruption or failure of our information and
communications systems; the security of the personal information
about our customers; royalties we pay for music rights, which
increase over time; the unfavorable outcome of pending or future
litigation; our failure to realize benefits of acquisitions; rapid
technological and industry change; failure of third parties to
perform; changes in consumer protection laws and their enforcement;
failure to comply with FCC requirements and other government
regulations; and our indebtedness. Additional factors that
could cause our results to differ materially from those described
in the forward-looking statements can be found in our Annual Report
on Form 10-K for the year ended December 31,
2013, which is filed with the Securities and Exchange
Commission (the "SEC") and available at the SEC's Internet site
(http://www.sec.gov). The information set forth
herein speaks only as of the date hereof, and we disclaim any
intention or obligation to update any forward looking statements as
a result of developments occurring after the date of this
communication.
E - SIRI
Contact Information for Investors and Financial Media:
Investors:
Hooper Stevens
212 901 6718
hooper.stevens@siriusxm.com
Media:
Patrick Reilly
212 901 6646
patrick.reilly@siriusxm.com
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SOURCE Sirius XM Holdings Inc.