SiriusXM Canada subscribers top 2M as revenue, profits rise in FY2106

TORONTO – SiriusXM Canada is back in the black after reporting an 837% jump in profits for its 2016 fiscal year.For the year ended August 31, 2016, net income was $49.7 million compared to last year’s $6.8 million net loss, while revenues increased 4.7% from $325.9 million to $341.3 million. Adjusted EBITDA was $84.4 million, up 6.5%, from $79.2 million year-over-year.Sirius XM Canada saw self-paying subscribers grow 4.3% from 1.93 million last year to 2.00 million in FY2016, resulting in a total subscriber base of 2.83 million.For the fourth quarter, revenue was up 4.4% to $87.4 million year-over-year, net income grew 73.9% to...