Sirius XM Q3 Profit Rises - Quick Facts

(RTTNews) - SiriusXM Holdings Inc. (SIRI) reported that its third-quarter net income increased to $136.17 million or $0.02 per share, from $62.89 million or $0.01 per share, last year. Adjusted EBITDA increased to $381.25 million from $295.74 million.

On average, 14 analysts polled by Thomson Reuters expected the company to report profit per share of $0.02 for the quarter. Analysts' estimates typically exclude special items.

Total revenue increased to $1.06 billion from $961.51 million, a year ago. Analysts expected revenue of $1.04 billion for the quarter. Net subscriber additions in the third quarter were 432,817, bringing total subscribers up nearly 5% to 26.7 million.

The company expects adjusted EBITDA of approximately $1.425 billion for fiscal 2014. SiriusXM raised its 2014 revenue guidance to approximately $4.150 billion. Analysts expect the company to report 2014 revenue of $4.15 billion.