Tuesday, August 02, 2005

SIRIUS has 1,814,626 subscribers
Here is the Sirius 2Q Numbers..

Revenue Up 295% and Net Subscriber Additions Up 184% Over Prior Year Second Quarter - 2005 Year-End Subscriber Guidance Increased to 3 Million and Revenue Guidance Increased to $225 Million NEW YORK, Aug 02, 2005 announced strong second quarter financial and operating results, driven by robust subscriber growth in its retail and automotive OEM distribution channels, and continued demand for its superior programming. As of June 30, 2005, SIRIUS had 1,814,626 subscribers. The second quarter subscriber figure reflects net additions of 365,931 subscribers, a 184% increase over the year-ago figure of 128,678 net additions. For the third time this year, the company is raising its 2005 year-end subscriber guidance. SIRIUS now expects to have 3 million subscribers at year-end, up from previous guidance of approximately 2.7 million subscribers. The company attributes its revised outlook to continued momentum in the retail and automotive OEM distribution channels, and expectations of strong consumer demand for SIRIUS' exclusive programming, including the NFL, Martha Stewart Living Radio and Howard Stern, as well as the continued appeal of its commercial-free music.
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1 Comments:

Blogger Anthony said...

I believe Sirius' growth can be attributed to several things, with one of the major being the availability of the receiver units in stores. With a wide-range of products in a growing base of stores, consumers can hear about the stable of Sirius music and talk stations and if they want to subscribe, they can do it easily now. It doesn't hurt when the products being offered are well built and look good.

Tue Aug 02, 10:38:00 AM EDT  

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