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Full-Year SiriusXM Net Adds Expected to Rise 40% Above July Guidance

SiriusXM raised its 2020 guidance on self-pay subscriber net additions to 700,000 from 500,000 in the July 30 forecast, it said Wednesday. "Our business continues to demonstrate strong performance and favorable trends,” said CEO Jim Meyer. Conversion and churn performance…

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“remain excellent,” he said. Improved new car sales and a rising automotive penetration rate give SiriusXM “a robust trial funnel that we believe bodes well for the coming quarters," said Meyer.