Sirius Ends ’06 Up 82% And Profitable
As merger rumors with XM continue to swirl, Sirius Satellite Radio ended 2006 with approximately 6,024,000 subscribers, an 82% increase over the company’s 2005 ending base of 3,316,560. Based on preliminary financial data Sirius achieved its first ever quarter of positive free cash flow in the fourth quarter of 2006. Rival XM still has more subscribers but is not yet profitable and growth rates for both have slowed in recent months. (details)