By Michael Dabaie 



  Sirius XM Holdings Inc. increased its full-year 2020 guidance for SiriusXM self-pay subscriber net additions to about 700,000, up from the prior guidance of about 500,000. 


  The audio entertainment company also reiterated its existing 2020 financial guidance. 


  The company said it sees 2020 total revenue of about $7.7 billion, adjusted EBITDA of about $2.4 billion, and free cash flow approaching $1.6 billion. 


  Shares were up 0.7% to $5.66 premarket. 


  "Our business continues to demonstrate strong performance and favorable trends since we resumed providing our subscriber and financial guidance in conjunction with our second quarter earnings report. Our conversion and churn performance remain excellent, and it's clear that demand for SiriusXM remains strong," said Chief Executive Jim Meyer. "Additionally, improving new auto sales, combined with a rising new car penetration rate, have led to a robust trial funnel that we believe bodes well for the coming quarters." 


  Write to Michael Dabaie at michael.dabaie@wsj.com