SiriusXM’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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SiriusXM’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. 
