Q1 revenues rise as SiriusXM Canada awaits CRTC approval of plans to go private

TORONTO – A lift in SiriusXM Canada’s self-pay subscriber base helped to boost first quarter revenues by 4.4%.For the period ended November 30, 2016, revenue from $83.5 million to $87.2 million year-over-year, reflecting growth in its self-paying subscriber base. Q1 FY2017 self-pay ARPU dipped 0.2% to $12.54 due to increased promotional activity.Net income and comprehensive income of $9.8 million was down 2.7% from $10.1 million year-over-year, mainly due to higher operating costs combined with depreciation and amortization, partly offset by increased revenues.Adjusted EBITDA for the quarter grew 3.1% to $24.2 million from $23.5 million in the same period last year....