Quick Take Sirius XM will report Q2 2013 earnings on July 25, and we expect strong results driven by healthy subscriber growth and the adoption of Internet add-on service. The company recently reported that it gained 715,000 net subscribers in the second quarter and has raised its full year guidance to 1.5 million. In the long term, we expect the company to gain more than 1.5 million subscribers annually and believe that even the current guidance may turn out to be conservative. Sirius XM will report its Q2 2013 earnings on July 25. We expect strong results driven by healthy subscriber gains and higher average revenue per subscriber. U.S. car buyers purchased roughly 1.4 million cars and light trucks in June, bringing the half year new vehicle sales to about 7.8 million. This implies growth of roughly 7.7% over the first half of 2012 which suggests that the U.S. automotive industry could see another record year as sales continue to climb since the recession of 2008-2009. As a result, Sirius XM had another good quarter and recently reported net subscriber gain of 715,000, which prompted it to raise its full year guidance to 1.5 million net subscriber additions. …read more
Source: FULL ARTICLE at Forbes Latest
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