26 Oct SiriusXM Scores Biggest Revenue Quarter Ever
CEO Jim Meyer said, “I can’t think of a more exciting time for all of us at SiriusXM. And I’m thrilled with the results we were able to deliver in the third quarter. I’m thrilled we attained our highest-ever quarter of revenue.” And with $1.47 billion in Q3, that’s 6% over Q3 of 2017. SiriusXM’s margin in the quarter hit 40% for the first time ever.
Advertising revenue for the quarter was $46.2 million, compared to $41.5 million in the third quarter of 2017.