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Sirius Q3 Loss Widens, Revenue Triples; 2005 Subscriber Projection Raised

Authored by Mark Hefflinger on November 1, 2005 - 6:13am.
New York - Sirius Satellite Radio, a provider of subscription radio programming, on Tuesday raised its full-year subscriber estimate, now expecting to count "over" 3 million subscribers by the end of 2005. The company added 359,000 subscribers in the third quarter, and now claims a total 2.2 million subscribers. Sirius reported a loss of $180.5 million for the quarter, larger than the $169.4 million loss recorded in the same period a year ago, and said revenue more than tripled for the quarter, to $66.8 million, from $19.1 million a year ago. Sirius CEO Mel Karmazin told analysts he expects the company will see a "blowout" fourth quarter in the lead-up to the debut of shock jock Howard Stern's new show on Sirius in January. Sirius rival XM Satellite Radio last week said it ended the quarter with 5 million subscribers, and still expects to end the year with more than 6 million subscribers.
http://biz.yahoo.com/prnews/051101/nytu097.html?.v=30
http://biz.yahoo.com/rb/051101/media_sirius_earns.html?.v=1 (Reuters)
http://www.siriusradio.com
tags: Sirius | Loss | Subscription | Revenue | Sirius Q3 |



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