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SiriusXM Q1 Net Revenue Rises 5% to $2.06 Billion


SiriusXM
SiriusXM

Liberty Media's SiriusXM reported first quarter net revenue rose 5% to $2.06 billion from $1.95 billion in 2020. Adjusted EBITDA rose 7% to $682 million from $682 million. SiriusXM saw self-pay net subscriber additions of 126,000, an increase of 83% year-over-year. The company posted a net income of $219 million (5 cents per diluted share) as compared to $293 million in the year-ago period.

"SiriusXM started the year off strong with growing trial starts and impressively low churn. They continued to repurchase stock and Liberty's ownership is now over 77%," said Liberty President and CEO Greg Maffei.

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Quick Snaps
Broadcasters Foundation of America: Broadcasters Foundation of America held its annual breakfast during the NAB Show in Las Vegas, which honored several industry leaders. L-R: McVay Media President Mike McVay, Wiley Partner Kathleen Kirby, CBS and ABC Radio exec Don Bouloukos, RAB President/CEO Erica Farber, NBCU Local CRO & President Commercial Operations Frank Comerford, ABC Affiliate Relations Executive VP John Rouse, and ABC Radio Network President & ESPN Radio SVP Traug Keller.

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