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11/02/2024 04:13:09 pm

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Sirius Exceeds 2014 Profit Expectations; Gained Additional 1.8M New Customers

U.S. satellite radio service provider Sirius XM Holdings said an additional 1.8 million consumers have signed up for its services in 2014. This total was 300,000 more subscribers than it anticipated.

Sirius also said it has plans of exceeding the US$4.15 billion revenue forecast it made last year, seeing there has been 300,000 more subscribers.

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It expects 1.2 million more subscribers by the end of 2015. Sirius said it could earn around US$4.4 billion before the year ends.

The total number of Sirius XM Holdings customers reached 27.3 million at the end of 2014. Aside from this, there were also 1.44 million self-pay additions last year, a total that exceeded the company's expectations. Sirius only forecast 1.25 million.

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