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Washington
– Satellite radio broadcaster Sirius XM (NASD: SIRI) said on Wednesday that it added more
than 171,000 net subscribers during the first quarter, compared with a net
decline of more than 404,000 the prior year.

The Company ended the quarter with
18.9 million subscribers, up nearly 345,000 from the same point in 2009.

"Our subscriber results represent a remarkably positive turn from the year
ago quarter," said Mel Karmazin, the CEO of Sirius XM.

"We also
expect to report solid revenue growth and strong growth in pro forma adjusted
income from operations for the first quarter of 2010."

The news sent
shares of the company up 6% by midday Wednesday.

 

Related Links:
http://investor.sirius.com/releasedetail.cfm?ReleaseID=458949

3 COMMENTS

  1. Investors that bought Sirius XM one year ago have seen a 2000 percent increase in their stock. The whole story is told in a new movie about Sirius XM and the stock market called “Stock Shock.” DVD is cheaper at http://www.stockshockmovie.com, but the DVD is pretty much everywhere for sale.

  2. Investors that bought Sirius XM one year ago have seen a 2000 percent increase in their stock. The whole story is told in a new movie about Sirius XM and the stock market called “Stock Shock.” DVD is cheaper at http://www.stockshockmovie.com, but the DVD is pretty much everywhere for sale.

  3. as for best of my knowledge and belief lots of person know that sirius satellite and xm satellite formally merged in 29th july 2008. If you are like most people, your first reaction was “WHAT?”
    Five years back the success story of sirius xm is building up.This the one of the populest satellite used by people.There are twenty millions of subscribers who paid customers for this satellite stations to get lots of enjoyments.this is very high hot cake,it has contract with Audi and VW.It has other investors i.e. Honda, Suzuki and XM etc.
    There is lifetime contract subscription with officials of Bentley and Rolls-Royce.You can enjoy the clear broadcasting while you are travelling.There have lots of portable products like ipod and walkman.
    Kenwood is developed by Sirius XM Company to tune the radio in the portable satellite radio. The most popular show on this is the Howard Stern Show.

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