SiriusXM’s fiscal year 2018 net income up nearly 81% y/y to USD1.17 billion
Company expects sales of USD6.1 billion in fiscal year 2019
SiriusXM has reported 81% year-over-year (y/y) increase in net income to USD1.17 billion in the financial year ended 31 December 2018, the US-based company said in a press release on 30 January. The company’s net income in 2018 included USD43 million unrealized gain related with the change in fair value of its investment in Pandora, savings from reduced US federal corporate tax, as well as from research and development credit.
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