Radio & Television

SiriusXM Canada sees Q1 profits jump 67%

TORONTO – Solid subscriber growth at SiriusXM Canada helped to drive up fiscal 2015 first quarter revenue and profits.For the period ended November 30, 2014, revenue grew 3.3% to $79.0 million from $76.4 million for the same period last year. The year-over-year improvement reflects growth in the company's self-paying subscriber base and an increase in self-pay ARPU, which were partially offset by a reduction in promotional revenue due to revised terms related to contract renewals with certain OEM partnersAdjusted EBITDA of $22.9 million improved by 6.9% from $21.4 million in Q1 FY2014 as a result of revenue growth, which was...