SiriusXM Increases Guidance

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Despite auto sales leveling off in 2017, SiriusXM is adding subscribers and generating record revenue. That good news pushed the company to increase its 2017 full-year guidance for self-pay net subscriber additions, revenue, and adjusted EBITDA. The company’s complete full-year 2017 guidance is now: self-pay net subscriber additions of approximately 1.4 million, revenue of approximately $5.375 billion, adjusted EBITDA of approximately $2.05 billion, and free cash flow of approximately $1.5 billion.

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