Sirius XM CEO: Connected-car revenue to reach $100M this year

04/25/2014 | SNL Financial (free content)

The Connected Vehicle business of Sirius XM Holdings is forecast to produce $100 million in revenue during 2014, and that revenue will double over the next three years, according to CEO James Meyer. "The connected car is coming, and that is a fact," he told analysts Thursday. "We are moving our entire organization to capitalize on this opportunity, from our investments in the CV business to the improvements we are planning in our core audio service." Sirius XM last year acquired the connected-vehicle services business of Agero.

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