Posted by: Market Watch in Market Information 19 minutes in the past SiriusXM Holdings Inc. stated late Thursday it had added 909,000 inter
SiriusXM Holdings Inc. stated late Thursday it had added 909,000 internet subscribers to finish 2020 with roughly 30.9 million subscribers, exceeding the corporate’s 2020 subscriber steering. Sirius additionally stated it expects to “meet or exceed” its 2020 steering for income, adjusted EBITDA and free money circulate. For 2021, Sirius stated it expects internet subscriber additions of roughly 800,000, whole income of about $8.35 billion, and an adjusted EBITDA of about $2.575 billion. SiriusXM additionally stated it expects an impairment associated to its Pandora unit of about $1 billion. The impairment won’t influence the corporate’s 2020 or 2021 steering, it stated. SiriusXM plans to launch full-year and fourth-quarter 2020 earnings earlier than the bell on Feb. 2. Market Pulse Tales are Fast-fire, quick information bursts on shares and markets as they transfer. Go to MarketWatch.com for extra data on this information.
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