Sirius XM (SIRI) Misses Q1 EPS by 1c; raises EBITDA guidance

Sirius XM (NASDAQ: SIRI) reported Q1 EPS of $0.06, $0.01 worse than the analyst estimate of $0.07. Revenue for the quarter came in at $2.14 billion versus the consensus estimate of $2.17 billion.

GUIDANCE:

Sirius XM sees FY2023 revenue of $9 billion, versus the consensus of $9.02 billion.

The company reiterated its full-year 2023 guidance for revenue while increasing its full-year 2023 guidance for adjusted EBITDA, and free cash flow as follows: • Total revenue of approximately $9.0 billion, • Adjusted EBITDA of approximately $2.75 billion, and • Free cash flow of approximately $1.1 billion.

For earnings history and earnings-related data on Sirius XM (SIRI) click here.

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