Satnews Daily
February 15th, 2011

Sirius XM Radio... Financially Speaking...


[SatBroadcasting(tm)] Sirius XM Radio (Nasdaq: SIRI) has announced full year 2010 financial results, including revenue of $2.82 billion, up 14 percent over 2009 revenue of $2.47 billion, and adjusted EBITDA of $626 million, up 35 percent from $463 million in 2009.

Net subscriber additions in 2010 were 1,418,206, compared to a net subscriber loss in 2009 of 231,098. Ending subscribers as of December 31, 2010 were 20,190,964, up 8 percent from the 18,772,758 subscribers reported as of December 31, 2009. Subscriber acquisition cost (SAC) per gross subscriber addition was $59 in 2010, a 6 percent improvement from the $63 reported in 2009. Average self-pay monthly customer churn was 1.9 percent in 2010, as compared with 2.0 percent in 2009. Free cash flow in 2010 was $210 million, compared to $185 million in 2009. GAAP net income (loss) attributable to common stockholders for 2010 and 2009 was $43 million and ($538) million, respectively, or $0.01 and ($0.15) per diluted share, respectively. Excluding debt extinguishment and restructuring charges, our 2010 net income (loss) attributable to common stockholders for 2010 and 2009, would have been $227 million and ($238) million, respectively. To read the entire financial report, access this direct link.