Sirius XM (NASDAQ: SIRI ) had a lot of positive tailwinds going for it this quarter that helped make the quarter strong for the company. This was the best churn rate for the company's customer base in four years, possibly owing to keeping customer service staff on and well-trained year-round to improve customer experience and keep customers. Improved auto sales also buoyed Sirius' profits. During this quarter's earnings release, Sirius shed light on its plans in the rising field of telematics in auto. Telematics refers to systems using wireless communications for convenience features and diagnostic tasks, such as Ford's SYNC system. Watch the video below as Motley Fool Analyst Blake Bos digs into the details.
Despite Sirius XM being one of the market's biggest winners since bottoming out three years ago, there is still some healthy upside to be had if things go right for it -- and plenty of room for it to fall if things don't. Read all about Sirius in our brand-new premium report. To get started, just click here now.