Sirius Up 6% on 6.02 Million Subscribers and Free Cash Flow

Posted: January 3, 2007 at 9:02 am

Sirius Satellite Radio (SIRI) said that it finished 2006 with 82% more subscribers than in the previous year, in-line with the company’s recently lowered projection.  It grew from 3.3 million subscribers in 2005-end to 6.024 million subscribers at the end of 2006.  SIRI shares are up over 5%at $3.76 pre-market.

This is within the company’s Dec. 4 forecast of 5.9 million to 6.1 million subscribers. Sirius also noted that it expects to report its first quarter of positive free cash flow in the quarter, a milestone.

The New York Times recapped on Monday the advantages of a merger for the two companies, and we commented on this a ways back too.  This potential merger talk is getting long in the tooth.

Jon C.Ogg
December 3, 2006

Read more: Media, Mergers and Buy Outs, Satellite
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