SIRIUS XM Increases 2010 Guidance
Posted by
Damon in
Uncategorized on
May 17th, 2010
SIRIUS XM Radio today issued revised guidance on its subscribers and certain financial metrics for 2010.
The company now expects net subscriber additions for the full year to be approximately 750,000, pro forma revenue to be approximately $2.75 billion, and pro forma adjusted income from operations to be approximately $575 million. In addition, the company expects free cash flow for 2010 to exceed $100 million.
“Our continuing strong operating performance, the recovering economy, and improving auto sales support our increase in guidance today,” said Mel Karmazin, Chief Executive Officer, SIRIUS XM.
