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Sirius Gains 0.441-M Subscribers vs. only 0.285-M for XM in 3Q |
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NEW YORK, Oct. 5, 2006/Satnews Daily/ — Sirius Satellite Radio (NASDAQ:SIRI) ended the third quarter with 5,119,308 subscribers, 135 percent above third quarter 2005 ending subscribers of 2,173,920.
Sirius said it added 441,101 net subscribers in the third quarter of 2006, a 23 percent increase over year-ago third quarter net subscriber additions. Its rival, XM Satellite Radio, reported adding more than 285,000 new net subscribers during the third quarter of 2006 for a total of more than 7.185 million subscribers.
Sirius has led the satellite radio industry in net subscriber additions for four consecutive quarters, with 61 percent of total satellite radio net additions in the third quarter of 2006.
Sirius also reiterated its guidance of 6.3 million subscribers by year-end 2006.
XM said, however, its third quarter results are consistent with the company's previously- stated guidance that it will end the year with total subscribers between 7.7 million and 8.2 million.
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