Earnings release
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July 27 , 2021 SiriusXM SiriusXM Reports Second Quarter 2021 Results - Second Quarter Revenue of $ 2.16 Billion ; an Increase of 15 % From Prior Year Period - - Second Quarter Net Income of $ 433 Million ; Diluted EPS of $ 0.10 Record Quarterly Adjusted EBITDA of $ 700 Million , Up 14 % From Prior Year Period - SiriusXM Self - Pay Net Subscriber Additions of 355,000 , an Increase of 34 % Year - Over - Year - Company Increases 2021 Subscriber and Financial Guidance NEW YORK , July 27 , 2021 / PRNewswire / -- SiriusXM today announced second quarter 2021 operating and financial results , including revenue of $ 2.16 billion , an increase of 15 % compared to the prior year period . The company recorded net income of $ 433 million in the second quarter of 2021 , compared to $ 243 million in the prior year period . Second quarter 2021 net income included $ 140 million in insurance recoveries related to the company's SXM - 7 satellite . Net income per diluted common share was $ 0.10 in the second quarter 2021 , compared to $ 0.05 in the prior year period . ( ( ( Siriusxm ) ) ) Adjusted EBITDA in the second quarter was $ 700 million , up 14 % from $ 615 million in the prior year period . - " SiriusXM added an impressive 355,000 net new self - pay subscribers in the quarter , putting us on track to add 1.1 million self - pay subscribers this year – our best since 2018 - and we are increasing all of our financial guidance . The quarter was bolstered by record self - pay churn of just 1.5 % , and we achieved strong monetization in our advertising business , with an increase in ad revenue of 82 % from the prior year period and 20 % from the second quarter of 2019 , " said Jennifer Witz , Chief Executive Officer of SiriusXM . " We have long been the leader in shaping the future of audio for listeners , and we continue doing so by providing curated and premium content in innovative formats . Earlier this month , we announced a new daily radio show hosted by Megyn Kelly which will air exclusively from noon to two on SiriusXM beginning on September 7th . In addition , video of the best