Radio / Television News

Q2 revenues up, profits down at SiriusXM Canada


TORONTO – Despite increases in revenues and subscribers, SiriusXM Canada saw second quarter profits plunge by 62.4%.For the period ended February 28, 2017, revenue of $86,946 increased 3.0% from $84,387 year-over-year, reflecting growth in its self-paying subscriber base.   Self-pay ARPU dipped 0.2% to $12.47 mainly due to increased promotional activity, the company said late Wednesday.Net income and comprehensive income of $10,612 was well below the $28,245 recorded in the same period last year, which the company said was mainly due to $15,887 withholding tax recovery in Q2 FY2016 and higher operating expenses, partly offset by higher revenues.Adjusted EBITDA for the...