Please wait while we load the requested 10-Q report or click the link below:
https://last10k.com/sec-filings/report/908937/000090893718000045/siri-20180930x10q.htm
February 2023
November 2022
November 2022
July 2022
June 2022
June 2022
April 2022
April 2022
April 2022
February 2022
• | SiriusXM Adds 298,000 Net New Self-Pay Subscribers in the Quarter |
• | Third Quarter Revenue of $1.5 Billion, A New Quarterly Record |
• | Net Income Grows 24% to $343 Million in the Quarter; Diluted EPS Climbs to $0.07 |
• | Record Adjusted EBITDA of $589 Million Drives Adjusted EBITDA Margin Over 40% for First Time |
• | Company Increases 2018 Guidance for Self-Pay Subscribers, Revenue and Adjusted EBITDA |
• | Self-Pay Net Additions of 298,000. The Company added 298,000 net new self-pay subscribers in the third quarter to end the period with approximately 28.5 million self-pay subscribers. Self-pay monthly churn of 1.8% improved 12 basis points over the third quarter of 2017. Total net additions in the third quarter were 198,000, resulting in approximately 33.7 million SiriusXM subscribers at quarter-end. |
• | Revenue of $1.5 Billion. Third quarter revenue grew 6% compared to the year-ago period to $1.5 billion. This growth was driven by a 5% increase in subscribers and an increase of nearly 1%, after an accounting change, in average revenue per user (ARPU) to $13.48. The third quarter 2018 was impacted by the adoption of the new revenue recognition accounting standard (FASB ASU 2014-09) which reclassified approximately $24 million of revenue to offset expenses principally related to automaker agreements. Excluding these reclassifications, which reduced reported ARPU by $0.24 in the third quarter of 2018, ARPU growth would have totaled 2.3%. |
Please wait while we load the requested 10-Q report or click the link below:
https://last10k.com/sec-filings/report/908937/000090893718000045/siri-20180930x10q.htm
Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Sirius Xm Holdings Inc..
Sirius Xm Holdings Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:
Rating
Learn More![]()
The decreases were primarily related to lower call center costs due to lower contact rates, agent rates, and bad debt expense.
The increase was partially offset by approximately $22,743 and $67,047, for the three and nine months ended September 30, 2018, respectively, related to the adoption of the new revenue standard effective as of January 1, 2018.
We expect satellite and transmission expenses to increase as costs associated with our investment in Internet streaming increase.
For the three months ended September 30, 2018 and 2017, depreciation and amortization expense was $75,510 and $79,913, respectively, a decrease of 6%, or $4,403, and decreased as a percentage of total revenue.
For the nine months ended September 30, 2018 and 2017, depreciation and amortization expense was $222,345 and $230,136, respectively, a decrease of 3%, or $7,791, and decreased as a percentage of total revenue.
Since adjusted EBITDA is a...Read more
The increase for the three...Read more
For the three months ended...Read more
For the nine months ended...Read more
The Merger is conditioned upon...Read more
if we fail to protect...Read more
The following table contains our...Read more
For the three and nine...Read more
For the three months ended...Read more
We believe the exclusion of...Read more
The increases were primarily driven...Read more
During the period ending at...Read more
The increases were partially offset...Read more
We believe investors find these...Read more
As of September 30, 2018,...Read more
We believe investors use our...Read more
We believe investors use adjusted...Read more
The effective tax rate for...Read more
Subscriber revenue was negatively impacted...Read more
We expect our programming and...Read more
However, prior to obtaining stockholder...Read more
Free cash flow should be...Read more
Additionally, when applicable, our adjusted...Read more
In addition, cash flows used...Read more
The increases were driven by...Read more
Subscriber acquisition costs do not...Read more
we engage in extensive marketing...Read more
The reconciliation of net income...Read more
The nine month period remained...Read more
We expect engineering, design and...Read more
We believe adjusted EBITDA is...Read more
These changes in our business...Read more
We expect our general and...Read more
the unfavorable outcome of pending...Read more
For the three months ended...Read more
For the nine months ended...Read more
For the three months ended...Read more
For the nine months ended...Read more
By providing these Non-GAAP financial...Read more
The decrease for the nine...Read more
interruption or failure of our...Read more
Furthermore, Pandora can also engage...Read more
The increases were driven by...Read more
We believe free cash flow...Read more
The increase for the nine...Read more
In addition, our Non-GAAP financial...Read more
On October 9, 2018, our...Read more
We believe these Non-GAAP financial...Read more
we may not realize the...Read more
Adjusted EBITDA is a Non-GAAP...Read more
Our connected vehicle services are...Read more
We expect our advertising revenue...Read more
The effective tax rate for...Read more
We expect subscriber revenues to...Read more
We intend to fund the...Read more
For the three months ended...Read more
For the nine months ended...Read more
Depreciation and Amortization represents the...Read more
each unvested performance award granted...Read more
The decreases were primarily due...Read more
Proceeds from long-term debt have...Read more
The decreases in churn were...Read more
Shares of common stock may...Read more
For the nine months ended...Read more
Subscribers and subscription related revenues...Read more
As of September 30, 2018,...Read more
Satellite and Transmission consists of...Read more
The decrease in the three...Read more
Our effective tax rate for...Read more
Our effective tax rate for...Read more
our principal stockholder has significant...Read more
For the three and nine...Read more
Please refer to the glossary...Read more
We expect our revenue share...Read more
For the nine months ended...Read more
We believe the exclusion of...Read more
For the three months ended...Read more
For the nine months ended...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-Q Quarterly Report
Material Contracts, Statements, Certifications & more
Sirius Xm Holdings Inc. provided additional information to their SEC Filing as exhibits
Ticker: SIRI
CIK: 908937
Form Type: 10-Q Quarterly Report
Accession Number: 0000908937-18-000045
Submitted to the SEC: Wed Oct 24 2018 12:28:19 PM EST
Accepted by the SEC: Wed Oct 24 2018
Period: Sunday, September 30, 2018
Industry: Radio Broadcasting Stations