SiriusXM Reports First Quarter 2021 Results - First Quarter Revenue of $2.06 Billion; an Increase of 5% From Prior Year Period - First Quarter Net Income of $219 Million; Diluted EPS of $0.05, or $0.07, Excluding One-Time Items - Adjusted EBITDA of $682 Million in the First Quarter, Up 7% From Prior Year Period - SiriusXM Self-Pay Net Subscriber Additions of 126,000, an Increase of 83% Year-Over-Year - SiriusXM Reiterates 2021 Financial and Subscriber Guidance News provided by Share this article Share this article NEW YORK, April 28, 2021 /PRNewswire/ -- SiriusXM today announced first quarter 2021 operating and financial results, including revenue of $2.06 billion, an increase of 5% compared to the prior year period. The company recorded net income of $219 million in the first quarter of 2021, compared to $293 million in the prior year period. First quarter 2021 net income included a $220 million non-cash impairment charge related to the failure of the company's SXM-7 satellite, not reflecting any potential insurance recoveries, a $25 million charge related to the surrender of certain office space, and a $95 million benefit associated with a state tax audit settlement. Net income per diluted common share was $0.05 in the first quarter 2021, compared to $0.07 in the prior year period. Diluted EPS was $0.07 in the first quarter excluding the impact of the two impairments and the tax audit settlement mentioned above.