As always, Orbitcast is live blogging the Sirius Satellite Radio earnings call. Just keep refreshing and this post will be updated in real-time.

• Mel Karamzin kicks it off
  
• 2006 was a "banner year" for Sirius
• in 4Q Sirius was 67% of all satellite radio net additions
  
• 4Q06 Sirius also captured the majority of GROSS subscriber additions for the first time in satellite radio's history
• Sirius achieved $30M of positive cash flow
  
• 2007 - expect total revenue to reach $1 Billion
• If that happens that will be the fastest growth to $1 billion "in the history of radio"
  

Sirius Satellite Radio has released their Q4 and full-year 2006 results. Here's the highlights:

• Sirius reported Q4 total revenue of $193.4 million, an increase of 142% YoY
• Sirius' full-year 2006 total revenue was $637.2 million, up 163% YoY
• ARPU was $11.01 in 2006 up from $10.34 in 2005
• SAC was $114 for 2006, from $139 in 2005
• Retail subscribers for the full-year were 4,041,826, an increase of 64% YoY
• OEM subscribers for the full-year were 1,959,009, up 138% YoY
• Sirius had a net loss of $1.1 billion for 2006
• Adjusted net loss was $656.0 million for the full-year
• Adjusted loss from operations for the full-year was $513.1 million
• Free cash flow loss for the full-year was $500.7 million
• For Q4, Sirius had a net loss of $245.6 million with adjusted net loss improved to $203.0 million and adjusted loss from operations improved to $166.8 million.

Tomorrow, February 20th, XM and Sirius will hold a joint conference call and webcast on at 8:30 AM ET to discuss this announcement.

The conference call can be monitored by dialing 800-573-4840 within the U.S. and 617-224-4326 for all other locations, passcode 29490052.

The webcast can be accessed on both Sirius' website or XM's website, as well as on both their satellite radio services by tuning to SIRIUS channel 122 and XM channel 200.

For those who cannot listen in, Orbitcast will be live-blogging the call so you can get your updates right here.

Bear Stearns analyst Robert Peck put out a note recently that they think both Sirius and XM believe a proposed merger actually would pass regulatory approval.

But as we've all noticed, after the hype back in January, there appears to be very little buzz about the satellite radio merger as of late. This public slowing of the potential merger has hampered both stock prices (XMSR down about 25%, and SIRI is close to 52 week lows).

Peck further feels that the economics of the merged company is what is slowing down the public progress of the merger. But with the closing window of opportunity, both companies should "avoid quibbling over a few share points, to capture the much larger value of overall potential synergies."

The firm believes that the split of the merged company should go 55% in XM's favor, though of course both sides would probably argue over a higher percentage regardless, but this center point is appropriate "given the estimates in their model."

They think that upon the expectation of a successful deal, the ~$6-7B in synergies would take the value of XM's stock to ~$25, presenting significant upside potential.

[Notable Calls vs Seeking Alpha] 

Ah the game of cat-and-mouse continues as Sirius Satellite Radio has just announced the schedule for their own earnings call. Sirius will announced and discuss their 2006 financial and operating results on February 27th at 8am ET.

You'll be able to hear a webcast of Sirius earnings call online. (2/27 @ 8am ET)

UPDATE: Yes, and I will be live blogging Sirius' earnings call as well. So anyone who can't listen in, will be able to get the play-by-play right here.

Motley Fool has put together a Fuck, Marry, Kill list (ok, so they called it "Date, Marry, Kill" - but we know what they're talking about) and their choices, in order, are: Sirius, Apple, and XM.

The Fool selected to "date" Sirius because they're at their 52 week low right now, even though Sirius has fewer subscribers, a heavier market cap, and posted steeper losses than XM. Still, Sirius has a lot of momentum behind it and the Fool seems to like the prospect of Sirius Backseat TV should it take off.

Apple was the one to marry because, well, because they're profitable. And they've got the iPod, of which they've sold 90 million units (compared to "only" 13.6 million satellite radio subscribers). It doesn't hurt that Apple has topped Wall Street's estimates for 16 straight quarters. Oh right, and then there's the iPhone.

XM on the otherhand got killed. Why? Because of the fading merger speculation, the RIAA lawsuit and losing massive retail marketshare to Sirius. The Fool isn't necessarily convinced over the whole "OEM is the future" thing either (because of iPod jacks).

[The Motley Fool]