SiriusXM CEO Claims 'Superior Revenue Model'
May 22, 2013 at 4:00 AM (PT)
SIRIUSXM CEO JIM MEYER made a presentation at yesterday’s annual meeting, and reported the company's "superior revenue model generates $142.34 per subscriber, versus $12.91 per listener for CLEAR CHANNEL and $6.51 per active user for PANDORA."
He continued with data on "New Auto Sales Trends," "SiriusXM Enable Vehicles In Operation," and details on their "Pre-Owner Program Ramp."
MEYER then went over the 2013 Guidance for the company, noting revenue of over $3.7 billion, Adjusted EBITA of over $1.1 billion, Free cash flow of approximately$915 million. He compared SIRIUSXM'S 27% EBITDA margins to other media companies, putting it in the middle of the pack -- the same as CABLEVISION at 27%, and ahead of DIRECTV (25%), DISH (21%) and NETFLIX (3%).
See the 8K filing with the SEC that includes the slideshow here.