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SIRIUS tops 6.5M, continues growth


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#1 of 1 OFFLINE   Chris

Chris

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  • 6,790 posts
  • Join Date: Jul 04 1997

Posted May 02 2007 - 07:44 AM

http://www.betanews.....ity/1178035916

SIRIUS stacked on another 556,000 subscribers this quarter, continuing it's quarter by quarter growth trend. Good news for SIRIUS as they hit targets and lowered their losses this quarter as well.

On the other end of the ballgame, XM added 256,000 subscribers, below their anticipated number, and putting them still below last year's EOY guidance number of 8M. (7.9M)

If nothing else, pressure is mounting on both to merge, but XM's quarter is mostly troubling, down almost 50% from same quarter last year. This either suggests that XM has hit a wall which SIRIUS may run into at similar numbers, or the product is having a great difficulty maintaining marketplace inertia.

Both of these provide a reason for both companies to push for the merger.
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