Q2 revenues at SiriusXM Canada up 6.8% on strength of used vehicle business

TORONTO – An uptick in subscribers helped to push up second quarter revenues at SiriusXM Canada.For the quarter ended February 28, 2014, revenue grew 6.8% from $70.7 million in Q2 2013 to $75.5 million. The year-over-year increase was due primarily to an increase in the number of subscribers offset by lower ARPU, the satellite radio provider said. Average revenue per user (ARPU) for the period was $11.35, down from $11.60 in the same period last year.Adjusted EBITDA increased 5.1% year-over-year from $19.1 million to $20.1 million as a result of the company's top-line growth, partly offset by increases in cost...