NEW YORK, Jan. 5, 2016 /PRNewswire/ -- SiriusXM today
announced that it ended 2015 with 29.6 million subscribers,
reporting approximately 2.3 million net subscriber additions in the
year, exceeding the company's increased guidance of 2.0 million net
subscriber additions. Self-pay net subscriber additions in 2015
were 1.77 million, exceeding the company's increased 2015 guidance
of 1.6 million and resulting in self-pay subscriptions of over 24
million at year end.
The company also announced that it expects to meet or exceed its
2015 guidance for revenue, adjusted EBITDA and free cash flow.
"We delivered a fantastic year in 2015, nearly doubling our
original subscriber guidance and beating our other financial
guidance across the board, even after raising our subscriber and
financial guidance multiple times. I'm very pleased we were able to
renew key content agreements during the year, especially agreements
with Howard Stern and the NFL that
extend through the end of the decade and beyond," said Jim Meyer, SiriusXM's Chief Executive
Officer.
"We are rapidly approaching 30 million subscribers and will
continue making key investments in content, new marketing
capabilities, our connected vehicle business, new satellites and a
next generation wideband chipset, all of which will drive the
long-term growth of our dynamic business. We also expect to
continue our long record of delivering cost-effective growth and
returning substantial capital to stockholders via buybacks, which
we anticipate will result in strong double-digit growth in free
cash flow per share," added Meyer.
The company also issued 2016 guidance for continued growth in
subscribers, revenue, adjusted EBITDA and free cash flow:
- Net subscriber additions of approximately 1.4 million,
- Revenue of approximately $4.9
billion,
- Adjusted EBITDA of approximately $1.78
billion, and
- Free cash flow of approximately $1.4
billion.
SiriusXM expects to announce its complete results for the fourth
quarter and full year 2015 in the first week of February 2016.
About SiriusXM
Sirius XM Holdings Inc. (NASDAQ: SIRI)
is the world's largest radio broadcaster measured by revenue and
has 29 million subscribers. SiriusXM creates and broadcasts
commercial-free music; premier sports talk and live events; comedy;
news; exclusive talk and entertainment, and a wide-range of Latin
music, sports and talk programming. SiriusXM is available in
vehicles from every major car company in the U.S. and on
smartphones and other connected devices as well as online at
siriusxm.com. SiriusXM radios and accessories are available from
retailers nationwide and online at SiriusXM. SiriusXM also
provides premium traffic, weather, data and information services
for subscribers in cars, trucks, and RVs through SiriusXM Traffic™,
SiriusXM Travel Link, NavTraffic®, NavWeather™. SiriusXM
delivers critical weather, data and information services to
aircraft and boats through SiriusXM Aviation, SiriusXM Marine™,
Sirius Marine Weather, XMWX
Aviation™, XMWX Weather, and XMWX Marine™. In addition,
SiriusXM Music for Business provides commercial-free music to
a variety of businesses. SiriusXM holds a minority interest
in SiriusXM Canada which has more than 2.6 million subscribers.
SiriusXM is also a leading provider of connected vehicles services
to major automakers, giving customers access to a suite of safety,
security, and convenience services including automatic crash
notification, stolen vehicle recovery assistance, enhanced roadside
assistance and turn-by-turn navigation.
To download SiriusXM logos and artwork, visit
http://www.siriusxm.com/LogosAndPhotos.
This communication contains "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. Such statements include, but are not limited to,
statements about future financial and operating results, our plans,
objectives, expectations and intentions with respect to future
operations, products and services; and other statements identified
by words such as "will likely result," "are expected to," "will
continue," "is anticipated," "estimated," "believe," "intend,"
"plan," "projection," "outlook" or words of similar meaning.
Such forward-looking statements are based upon the current beliefs
and expectations of our management and are inherently subject to
significant business, economic and competitive uncertainties and
contingencies, many of which are difficult to predict and generally
beyond our control. Actual results may differ materially from
the results anticipated in these forward-looking
statements.
The following factors, among others, could cause actual
results to differ materially from the anticipated results or other
expectations expressed in the forward-looking statements: our
competitive position versus other radio and audio service
providers; our ability to attract and retain subscribers, which is
uncertain; our dependence upon the auto industry; general economic
conditions; changes in consumer protection laws and their
enforcement; the security of the personal information about our
customers; other existing or future government laws and regulations
could harm our business; failure of our satellites would
significantly damage our business; the interruption or failure of
our information technology and communications systems; royalties we
pay for music rights, which increase over time; the unfavorable
outcome of pending or future litigation; our failure to realize
benefits of acquisitions or other strategic initiatives; rapid
technological and industry changes; failure of third parties to
perform; failure to comply with FCC requirements; modifications to
our business plans; our indebtedness; and our principal stockholder
has significant influence over our management and over actions
requiring stockholder approval and its interests may differ from
interests of other holders of our common stock. Additional
factors that could cause our results to differ materially from
those described in the forward-looking statements can be found in
our Annual Report on Form 10-K for the year ended December 31, 2014, which is filed with the
Securities and Exchange Commission (the "SEC") and available at the
SEC's Internet site (http://www.sec.gov). The
information set forth herein speaks only as of the date hereof, and
we disclaim any intention or obligation to update any forward
looking statements as a result of developments occurring after the
date of this communication.
Source: SiriusXM
Contact for SiriusXM:
Hooper Stevens
212-901-6718
hooper.stevens@siriusxm.com
Chris Leal
212-584-5236
Chris.leal@siriusxm.com
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SOURCE Sirius XM Holdings Inc.