July 29 (Reuters) - Satellite radio service Sirius XM Holdings Inc reported a stronger-than-expected 10 percent rise in quarterly revenue as it added more paying subscribers.
Sirius XM said it had 26.3 million paying subscribers at the end of the second quarter, a rise of 5 percent from a year earlier.
However, the company's net income fell to $120 million, or 2 cents per share, in the three months to ended June 30, from $125.5 million, also 2 cents per share, a year earlier.
Revenue rose to $1.04 billion from $940.1 million.
Analysts had expected earnings of 2 cents per share on revenue of $1.02 billion, according to Thomson Reuters I/B/E/S.
(Reporting By Aurindom Mukherjee; Editing by Ted Kerr)
- Company Earnings
- Sirius XM