SIRIUS Satellite Radio Releases Third Quarter 2006 Results
Sirius Satellite Radio has released their 3Q06 results.
Here's the highlights:
- End of year subscriber guidance has been reiterated at 6.3 Million
- Revenue was $167.1 million for 3Q06 - up 150% from the same period last year
- Net loss for 3Q06 was $162.9 million - or $0.12/share - compared to $180.4 million (or $0.14/share) in the same period last year. (Analysts expected a loss of $0.14/share)
- SAC decreased to $114 - down 23% from $149 in the same period last year
- ARPU was $11.17 compared with $11.15 in the same period last year
- Churn was 2.0% in 3Q06, compared with 1.8% in the same period last year
- Sirius ended 3Q06 with 5,119,308 subscribers


Comments
Sirius is killing XM slowly. More proof. Merger coming up next.
If you hold XM stock your upside with a merger is limited .... maybe 16.50 per share.
Buy SIRI if you want to be a long term winner.
Posted by: Pockpie | November 8, 2006 9:59 AM