SiriusXM’s Q1 net income drops 44% y/y to USD162 million
Company reaffirms full-year 2019 financial guidance
SiriusXM has reported 44% year-over-year (y/y) decline in net income in the first quarter to USD162 million in the first quarter ended 31 March 2019, the US-based company said in a press release on 24 April. Revenue increased 27% y/y to USD1.74 billion. However, the company recorded drop in 21% y/y decline in operating income to USD333 million.
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