Sirius XM Radio Inc (NASDAQ:SIRI) reported in-line profit for the fourth quarter, while revenue missed analysts estimates by less than a percent.
The company posted net income of $156 million on revenue of $892 million, compared to a year ago profit of d $71 million on revenue of $784 million. On a per share basis, the company earned 2 cents a share, matching analysts’ target of 2 cents. Analysts were estimating revenue of about $900 million for the quarter.
Self-pay net subscriber additions improved by 41% to approximately 529,000 in the fourth quarter of 2012 from approximately 374,000 in the fourth quarter of 2011.
The company maintained its guidance for the full year 2013. The company estimates EBITDA of over $1.1 billion and revenue of $3.7 billion. Total net subscriber additions of approximately 1.4 million and Self-pay net subscriber additions of approximately 1.6 million.
Shares of SIRI are trading lower by 0.16% in pre-open session. Last week, the stock closed at multi-year highs. The stock has soared 47% in the past one year and is one of the best performers on the stock market.