On Monday, Sirius XM
yet another feat that takes the radio business to a new level:
the company added over 600,000 net subscribers in the second
quarter alone. Music and radio-based stocks have seen a positive
flux in recent months, with
) booming throughout 2012 and Sirius XM (NASDAQ:
) consistently enjoying positive quarters.
Measured by revenue, Sirius XM is the largest radio
broadcaster with more than 22 million subscribers under its belt.
The company has had no problem strengthening its hold on its
current position, as Sirius XM is set to report an increase of
622,042 in customer subscriptions, along with positive revenue
Sirius XM pumped up its full year 2012 subscriber and revenue
guidance this morning, expecting customers to total around 1.6
million, with revenues approaching $3.4 billion.
At a time when Liberty Media (NASDAQ:
) has been striving to gain control over radio, Sirius XM appears
to not be sweating the small stuff.
"While we have suggested in the past that a [Reverse Morris
Trust] is less likely than full consolidation of Sirius by
Liberty, we are increasingly agnostic about the outcome. Our
analysis suggests Sirius can appreciate significantly from
current levels under any scenario as long as Sirius begins to use
its free cash flow and balance sheet capacity to retire shares,"
Citi said last month.
Clearly the company has had no problem escalating in
subscription numbers, as well as upping its outlook for the
future. Reporting such boosted confidence in guidance this
morning only further demonstrates the lack of mind Sirius XM is
paying to those who are vying to take the company over.
Sirius closed Friday at $2.05, trading up around 4.5% Monday
morning near $2.14.
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