By all accounts, it was a stellar fourth quarter for Sirius XM Holdings Inc., the parent company of the Sirius XM satellite radio operator and from where Howard Stern gets his sizable paycheck.
Subscriber revenue topped the $1 billion mark in Q4 2016, reaching $1.08 billion — up from $998.78 million in Q4 2015.
Advertising revenue grew to $38.9 million, from $33.5 million, while equipment revenue climbed to $32.7 million, from $30.9 million in the year-ago period.
Although expenses rose in the quarter to $973.4 million, from $902.3 million a year earlier, net income grew to $204.6 million (4 cents per share), from $134.6 million (3 cents).
Those results matched the expectations of seven analysts surveyed by Zacks Investment Research.
Total Q4 revenue came in at $1.3 billion, and that topped the estimates of five analysts surveyed by Zacks, who expected revenue for Sirius XM in the quarter of $1.28 billion.
Shares in SIRI were up in after-hours trading by 2 cents, to $4.77 — negating a two-cent loss during Thursday’s trading session on Wall Street. Sirius stock is trading near a 10-year high.