Sirius XM (SIRI) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Sirius XM performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Subscribers - Sirius XM - Self-pay subscribers: 31,255 versus 31,135 estimated by three analysts on average.
• Subscribers - Sirius XM - Ending subscribers: 32,869 compared to the 32,736 average estimate based on three analysts.
• Subscribers - Net additions - Sirius XM - Self-pay subscribers: 22 versus the three-analyst average estimate of -99.
• ARPU - Sirius XM: $15.32 compared to the $15.23 average estimate based on two analysts.
• Revenue- Advertising revenue: $454 million compared to the $438.92 million average estimate based on three analysts. The reported number represents a change of +5.1% year over year.
• Revenue- Equipment revenue: $36 million versus $46.06 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -21.7% change.
• Revenue- Other revenue: $32 million versus the three-analyst average estimate of $29.67 million. The reported number represents a year-over-year change of +3.2%.
• Revenue- Pandora and Off-platform- Advertising revenue: $413 million versus the three-analyst average estimate of $402.21 million. The reported number represents a year-over-year change of +4.8%.
• Revenue- Sirius XM- Subscriber revenue: $1.51 billion compared to the $1.5 billion average estimate based on three analysts. The reported number represents a change of +0.6% year over year.
• Revenue- Subscriber revenue: $1.64 billion compared to the $1.63 billion average estimate based on three analysts. The reported number represents a change of +0.6% year over year.
• Revenue- Pandora and Off-platform- Subscriber revenue: $130 million versus the three-analyst average estimate of $129.9 million. The reported number represents a year-over-year change of 0%.
• Revenue- Sirius XM- Equipment revenue: $36 million versus $45.09 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -21.7% change.

View all Key Company Metrics for Sirius XM here>>>

Shares of Sirius XM have returned +8.8% over the past month versus the Zacks S&P 500 composite's -1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Beyond Nvidia: AI's Second Wave Is Here

The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. AI’s second wave is moving from infrastructure to implementation and these companies are at the forefront of this transition, positioned to become what Amazon and Google were to the internet era.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research