Sirius XM raises 2012 revenue prediction

Discussion in 'The Howard Stern Show' started by Gena, Jul 9, 2012.

  1. Gena

    Gena Member

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    [ saw this on yahoo news ]

    NEW YORK (AP) — Sirius XM Radio boosted its full-year revenue outlook Monday, saying that its subscriber base is growing faster than expected.The New York satellite radio company now expects 2012 revenue to approach $3.4 billion, up from its previous prediction of $3.3 billion. Analysts, on average, expect $3.36 billion in revenue for the year, according to a FactSet poll.
    Sirius expects its net new subscriber growth to approach 1.6 million, up from its previous prediction of about 1.5 million.
    The company added 622,042 net subscribers in the second quarter of 2012, up 38 percent from the 452,147 net subscribers it added in the same quarter a year ago. In the first half of the year, the company added over 1 million net subscribers, bringing its total subscriber base to over 22.9 million as of June 30.
    Citi analyst Jason Bazinet backed his "Buy" rating on the stock and he boosted his 2012 revenue estimate for Sirius to $3.4 billion from $3.39 billion
    "We remain buyers of Sirius XM as subscriber growth continues to be solid despite announced price increase and we expect free cash to ramp given expectations for modest capital expenditure spending," Bazinet wrote in a note to investors.
    Sirius plans to release its second-quarter results on Aug. 7.
    In morning trading, shares of Sirius XM Radio Inc. rose 1 cent to $2.05.


    Of course The King of all Wigs will take credit for any new subscribers. He will say its all his new rabid agt fans that hes won over and who cant get enough of him.
     
  2. newcastlefan

    newcastlefan גֵּרְשֹׁם VIP

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    guess they expect the increase to come as they increase prices. Who do they think their additional subscribers are?
     
  3. RiotGrip

    RiotGrip New Member

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    This prediction is likely from the increase in new automobile sales. That market is doing well, so there are more new siriusxm radios being sold, and more cars offer it now. Most people like siriusxm because of the music and sports.
     
  4. urbanshocker

    urbanshocker New Member

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    The AGT effect.
     
  5. BethSucks

    BethSucks Well-Known Member Staff Member

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    Exactly, there was an unexpected rise in auto sales last quarter, more cars = more SiriusXM subs.
     
  6. sloth22

    sloth22 Active Member

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    Liberty Media is maneuvering to buy a controlling share of the company, so Sirius raises it's revenue projection to drive up the stock price.
    It's a pretty transparent move.
    And not illegal since it's only an estimate. No law against optimism.
     
  7. username

    username Well-Known Member VIP

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    And remember its XM radios that are installed. Not Sirius. They cant even listen to Howard. He is totally irrelevant. Less then 10% of XM subscribers buys the best of Sirius package.
    And raise revenue prediction by about 2% is something that should not even be written about.

    But who are the 20 million retards that pays for SiriusXM? Average IQ of 60?
     
  8. Beer Chugger

    Beer Chugger Well-Known Member

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    In morning trading, shares of Sirius XM Radio Inc. rose 1 cent to $2.05.
    wow, a whole half of one percent.
     
  9. Madipuppy

    Madipuppy Well-Known Member

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    Exactly. Sirius comes with the car and usually a 3 month trial. so as cars sell, so do subscribers. Sirius' goal is to stop people from cancelling
     
  10. OV

    OV Rapscallion

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    More new cars, but I'd imagine there's also a bullish effect goosing confidence in anticipation of the well run Liberty Group bloodletting Mel and his cronies after seizing majority control.
     
  11. jyanks

    jyanks Well-Known Member

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    How long will it take for Howard to sue Liberty?