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SiriusXM Sees Growth in Earnings, Subscribers in Third Quarter

Sirius ?XM Radio on Tuesday reported improved third-quarter earnings as it continued to grow its subscriber base.

Howard Stern, posted quarterly earnings of $136 million, more than twice the $63 million recorded in the year-ago period. Revenue at the company, which is controlled by John Malone‘s Liberty Media, rose 10 percent to a company record of $1.06 billion.

Said Meyer: “We are very pleased with the performance of Sirius XM in the third quarter, and we are entering the fourth quarter with tremendous momentum.”

The company raised its full-year guidance for revenue, free cash flow and subscriber growth. It now targets around 1.5 million net subscriber additions for all of 2014.

This article was first published by The Hollywood Reporter