On Tuesday SiriusXM announced it had added a total of 1.063 million net self-pay subscribers to finish 2019 with approximately 30 million self-pay subscribers, exceeding the company’s initial 2019 subscriber guidance. The company also announced that it expects to meet or exceed its 2019 guidance for revenue, adjusted EBITDA and free cash flow.
The company also issued 2020 subscriber and financial guidance, including:
SiriusXM self-pay net subscriber additions over 900 thousand
Total revenue of approximately $8.1 billion
Adjusted EBITDA of approximately $2.5 billion, and
Free cash flow approaching $1.7 billion.
“Last year was a milestone for SiriusXM. Not only did we achieve our tenth consecutive year of million-plus self-pay net additions, but we also completed our acquisition of Pandora Media and made significant investments in our business, all while returning more than $2 billion to our stockholders. And our new 2020 guidance points to what should be another excellent year of growth for SiriusXM,” said Jim Meyer, SiriusXM’s Chief Executive Officer.
SiriusXM will release full-year and fourth quarter 2019 financial and operating results on Tuesday, February 4th.
