Sirius XM 2020 Subscriber Guidance Tops Estimates; Revenue View Misses

By Allison Prang

Sirius XM Holdings Inc. (SIRI) is expecting to add more self-pay net subscribers than analysts are guiding, but the company's revenue guidance for 2020 fell short of Wall Street estimates.

Sirius said it expects to add more than 900,000 self-pay net subscribers in 2020. Analysts polled by FactSet are expecting the company to have 867,000 in net adds for 2020.

The company also said it expects revenue to be about $8.1 billion for 2020, but analysts polled by FactSet are expecting $8.25 billion.

Sirius is expecting adjusted earnings before interest, taxes, depreciation and amortization of about $2.5 billion. It expects its free cash flow to near $1.7 billion, it said. Analysts polled by FactSet are expecting $1.8 billion in free cash flow.

Write to Allison Prang at allison.prang@wsj.com

(END) Dow Jones Newswires

January 07, 2020 09:05 ET (14:05 GMT)

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