SIRIUS Satellite Radio Releases Third Quarter 2006 Results

Wednesday, November 8, 2006 at 7:09 AM
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SiriusSirius 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
Sirius' 3Q06 Earnings call is scheduled for 8am today. As with XM's call, Orbitcast will be Live Blogging the event, so if you're not able to tune in check back here for the details during the call.

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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.

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