SiriusXM Q1 was up 11%

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Sirius XMSiriusXM’s Q1 showed revenue of $998 million, up 11% from first quarter 2013 revenue of $897 million.  EPS was $0.02 in both the first quarter of 2014 and 2013. Net income of $94 million, adjusted for a non-recurring item associated with accounting for the Liberty Media stock repurchase agreement and purchase price accounting adjustments from the Sirius and XM merger, net of taxes, resulted in an adjusted net income of $121 million, a 46% increase over $83 million in last year’s Q1. 

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Carl has been with RBR-TVBR since 1997 and is currently Managing Director/Senior Editor. Residing in Northern Virginia, he covers the business of broadcasting, advertising, programming, new media and engineering. He’s also done a great deal of interviews for the company and handles our ever-growing stable of bylined columnists.