by satwaves.com
XM Satellite files a separate quarterly report from its Sirius XM parent, which allows me to back out the XM numbers reported from the combined report to better guage the performance of each individual operation.
Looking at Sirius XM’s Q1 results, Arenson noted that cash flows for the quarter had exceeded expectations. The company’s reported revenue of $670.6 million was in-line with his original forecast for $673 million, while the company’s reported adjusted EBITDA of $157.8 million beat his original forecast for $115 million.
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