Sirius XM Canada Holdings Inc T.XSR

Consumer Cyclical Broadcasting - Radio

"Sirius XM Canada Holdings Inc is a radio broadcasting company with approximately 2.7 million total subscribers. The company broadcasts music, sports, talk, entertainment and other content on a subscription fee basis in Canada. It includes over 12 Canadian channels designed and developed from studios in Toronto, Montreal, and Vancouver. It derives revenues from the sale of subscriptions, activation fees, advertising, and equipment sales."

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Sirius XM Canada Holdings Inc > Miss or progress?

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Post by DoasIsayon Jul 14, 2014 5:56pm

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Post# 22744322

Miss or progress?

Surpassed 2.5 million total subscribers. Total subscriber growth was 142,200, compared to 121,900 in Q3 FY2013

Adjusted EBITDA increased 50.6% to $22.7 million from $15.1 million in Q3 FY2013. This includes the impact of OEM contract renewals described below
Net loss was $4.9 million, which included the impact of the one-time after-tax debt refinancing charge and the OEM contract renewals described below. Excluding those special items, Q3 FY2014 net income was $4.0 million compared to $0.8 million in Q3 FY2013
Refinanced long term debt at a substantially lower interest rate, resulting in significant interest expense savings