Sirius XM Lifts 2018 Revenue Outlook

(RTTNews) - Sirius XM Holdings Inc. (SIRI) said that it increased its 2018 guidance for self-pay net subscriber additions, revenue and adjusted EBITDA. SiriusXM's guidance for 2018 free cash flow remains unchanged.

For 2018, the company now expects Self-pay net subscriber additions of about 1.275 million, revenue of about $5.725 billion, and adjusted EBITDA of about $2.2 billion. Previously, it expected Self-pay net subscriber additions of about 1.15 million, revenue of over $5.7 billion, Adjusted EBITDA of about $2.175 billion.

Analysts polled by Thomson Reuters expect the company to report revenues of $5.76 billion for 2018. Analysts' estimates typically exclude special items.

The company still expects annual free cash flow of approximately $1.5 billion.

In the Wednesday pre-market trade, SIRI is trading at $6.11, up $0.16 or 2.69 percent.