SiriusXM Canada sees Q1 revenues climb 11%

TORONTO – SiriusXM Canada credited momentum for its strong start to 2014 which saw it post “record” first quarter revenues.For the quarter ended November 30, 2013, revenue grew 11.0% to $76.4 million from $68.9 million in the same period last year, while net income increased 7.3% to $3.5 million from $3.3 million in Q1 2013.Adjusted EBITDA increased 9.4% to $19.6 million from $18.0 million year-over-year which the company said was a result of its top-line growth, partly offset by increases in cost of revenue and marketing expenses.Self-Paying subscribers improved to 1.8 million from 1.6 million last year, while total subscribers...