SIRI Sirius XM Holdings Inc

   By Cara Lombardo 
 

Sirius XM Holdings Inc. (SIRI) reported its first-quarter earnings Wednesday. Here's what you need to know:

EARNINGS: The radio company reported net income of $289 million, or 6 cents a share, up from $207 million, or 4 cents a share, a year ago. The increase includes a $31 million unrealized gain associated with a fair value change of the company's investment in Pandora (P). Analysts polled by Thomson Reuters had expected adjusted earnings of 5 cents a share.

REVENUE: Revenue increased 6% from a year ago to $1.4 billion, which is what analysts expected. Average revenue per user was flat from a year ago at $12.95.

SUBSCRIBERS: Sirius added 330,000 subscribers during the quarter, topping 33 million paying subscribers at quarter-end.

GUIDANCE: The company reiterated its 2018 guidance of revenue of about $5.7 billion.

Write to Cara Lombardo at cara.lombardo@wsj.com

(END) Dow Jones Newswires

April 25, 2018 07:32 ET (11:32 GMT)

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