SIRIUS XM Holdings Inc. (SIRI Quick QuoteSIRI - Free Report) is a radio broadcasting company. It creates and broadcasts commercial-free music; premier sports and live events; news and comedy; exclusive talk and entertainment; and the most comprehensive line-up of Latin commercial-free music, sports, and talk programming in radio.

Zacks Rank:  SIRIUS XM currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

We have highlighted some of the key stats from this just-revealed announcement below:

Earnings:SIRIUS XM earnings of 4 cents per share were in-line with Zacks Consensus Estimate.

Revenue: SIRIUS XM reported revenues of $1,303 million. This surpassed our consensus estimate of $1,282 million.

Key Stats to Note: The company anticipates 1.3 million net new subscriber addition in 2016 while revenue to be approximately $5.3 billion. Adjusted EBITDA guidance has been raised to $2.025 billion compared to $1.85 billion expected earlier.

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