Reuters: Technology News: Sirius XM revenue up on subscriber gains, churn improves

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Sirius XM revenue up on subscriber gains, churn improves Jul 25th 2013, 12:10 Thu Jul 25, 2013 7:16am EDT (Reuters) - Satellite radio provider Sirius XM Radio Inc posted second-quarter revenue Thursday that beat estimates, as it added more than 700,000 subscribers. Net income fell to $125.5 million, or 2 cents per share, in the second quarter, compared with $3.13 billion, or 49 cents per share, a year earlier. A year ago its net income was boosted by $3 billion income tax benefit. The New York-based company which is controlled by John Malone's Liberty Media Corp, said total revenue rose 12 percent to $940.1 million. Analysts were expecting revenue of $934.7 million, according to Thomson Reuters I/B/E/S. (Reporting by Liana B. Baker; Editing by Gerald E. McCormick)

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