SiriusXM increase 10 per cent

US: The US satellite company SiriusXM increase revenue by 10 per cent to 1.1 billion US dollars in Q3 of 2014. Net income was up 117 per cent to 136 million US dollars.

The US satellite company SiriusXM recorded an increase in revenue of 10 per cent in Q3 2014 over the same three months in 2013.

The company also revised its total 2014 revenue guidance up and now expects $4.15 Billion in revenue by the end of December with free cash flow of approximately $1.12 Billion.

On the result CFO David Fear said, “We retain substantial balance sheet flexibility to continue our capital returns and to capitalize on strategic opportunities that may arise.”