SiriusXM Reports Record Revenue

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Both for the fourth quarter of 2015 and for the full year of 2015. Revenue in Q4 was $1.2 billion (up 10%), and for the year $4.6 billion (up 9%). Net income was $135 million and $510 million in the fourth quarter and full-year 2015, respectively, compared to $143 million and $493 million in the fourth quarter and full-year 2014.

CEO Jim Meyer said the company had its best subscriber growth in eight years to approximately 29.6 million. SiriusXM added 2,283,000 net new subscribers in 2015, the highest growth in net subscribers since 2007, before Sirius and XM merged. The growth in net new subscribers in 2015 represents a 30% increase from the 1,752,000 net new subscribers added in 2014. Self-pay net subscriber additions were 1,765,000 in 2015, approximately 23% higher than in 2014. Total paid subscribers climbed 8% in 2015 to approximately 29.6 million, and self-pay subscribers also increased 8% in 2015 to 24.3 million, both record highs.

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