Sirius XM Holdings Inc. SIRI, +2.09% ticked lower in the extended session Tuesday after the satellite radio company issued forecasts for this year and the next. Sirius shares declined 0.9% after hours, following a 2.1% gain to close at $6.35 a share Tuesday. The company said it "expects to meet or exceed its 2018 guidance" for revenue, free cash flow, and adjusted earnings before interest, tax, depreciation and amortization. In late October, Sirius forecast self-pay net subscriber additions of about 1.28 million for the year, revenue of about $5.73 billion, adjusted EBITDA of about $2.2 billion, and free cash flow of about $1.5 billion. Analysts surveyed by FactSet estimate self-pay net subscriber additions of 1.32 million, revenue of $5.75 billion, adjusted EBITDA of $2.17 billion, and free cash flow of $1.53 billion. For 2019, Sirius XM said it expects self-pay net additions "approaching 1 million," revenue of about $6.1 billion, adjusted EBITDA of about $2.3 billion, and free cash flow of about $1.6 billion. Analysts expect self-pay net additions of 1.1 million, revenue of $6.07 billion, adjusted EBITDA of $2.35 billion, and free cash flow of $1.69 billion. The company said its guidance does not include the effect of its expected acquisition of Pandora Media Inc.P, +1.36% in the first quarter. Sirius is scheduled to report fourth-quarter results on Jan. 30.
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