SiriusXM says it ended 2016 with over 31.3 million subscribers, adding more than 1.7 million net subscriber additions in the year. Self-pay net subscriber additions in 2016 were 1.66 million, resulting in self-pay subscriptions of approximately 26 million for 2016. The company also announced it expects to meet or exceed its 2016 guidance for revenue, adjusted EBITDA, and free cash flow.
The company also issued this 2017 guidance…
Self-pay net subscriber additions of approximately 1.3 million;
Revenue of approximately $5.3 billion;
Adjusted EBITDA of approximately $2.025 billion; and
Free cash flow of approximately $1.5 billion.
SiriusXM expects to announce its complete results for the fourth quarter and full-year 2016 in early February 2017.
