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SiriusXM Third Quarter 2022 Revenue Up, Net Income Down

SIRIUSXM saw modest revenue gains for third quarter 2022, increasing 4% year-over-year to $2.28 billion, but net income fell from $343 million to $247 million (8 to 6 cents/basic and diluted share). Adjusted EBITDA remained basically flat at $720 million. The satellite and streaming service added 187,000 net self-pay subscribers to end the quarter at 32.2 million; the SIRIUSXM division grew revenue 5% to $1.7 billion, credited to a 6% increase in average revenue per user to a record $15.72, .

Squeezing JFK Airport on to the Small Stage at the George Street Playhouse in New Brunswick, Taxi Stands Included

The actress on stage in the play Her Portmanteau at George Street Playhouse in New Brunswick picks up the telephone to discover that her sister, whom she has not seen in years, has arrived at John F. Kennedy Airport in New York, and is waiting for her to pick her up. The actress in the apartment hangs up the phone and walks upstairs on a hidden staircase. The lighting downstairs goes dark and the lighting upstairs is turned on to reveal, in all of its noisy glory, JFK Airport. She is suddenly in front of a set of airport elevators and the top half of the stage looks just like JFK Airport. I could not believe my eyes. The airport is nearly 5,000 acres in size and there it was in front of me, re-created on this tiny stage. I never saw anything like it.

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