April 24 Satellite radio provider Sirius XM
Holdings Inc reported a better-than-expected 11 percent
rise in first- quarter revenue as more subscribers stayed on
after an initial promotional period.
Revenue rose to $997.7 million from $897.4 million a year
earlier. Analysts had expected $994.6 million, according to
Thomson Reuters I/B/E/S.
Net income fell to $93.9 million, or 2 cents per share, from
$123.6 million, or 2 cents per share, a year earlier.
Sirius added 173,480 net self-pay subscribers in the quarter
ended March 31, raising the number of its subscribers to 25.8
John Malone-controlled Liberty Media Corp, which
owns 53 percent of Sirius, canceled an offer to buy the rest of
the satellite radio provider in March.
(Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Don