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Tuesday, November 1, 2011

Sirius XM Q3 Results

SIRIUSLY SPEAKING: Sirius XM Radio added 334,000 subscribers in the third quarter, bringing their total to 21.3 million subscribers, while reporting revenue of $763 million, up 6% over Q3's total of $718 million, with an adjusted EBITDA of $197 million. Net income in the third quarters of 2011 and 2010 was $104 million and $68 million, respectively. Said CEO Mel Karmazin: “In the third quarter, we once again delivered record levels of subscribers, revenue and adjusted EBITDA, and we are confident our positive momentum will continue in the fourth quarter. This has been an exciting year for SiriusXM, but I'm even more excited by the many opportunities awaiting us in 2012. We are thrilled to offer exciting new content and innovations to our existing and future subscribers… like Richard and Sal’s prank phone calls. Bababooey!” (11/1a)

 
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