Tweet

Sirius Lowers Sub Forecast To About 6M

By Amy Gilroy -- TWICE, 12/18/2006

New York — Sirius Satellite Radio lowered its subscriber guidance from a previously stated 6.3 million, to a projected range of 5.9 million to 6.1 million total subscribers by the end of the year, citing slower than anticipated sales since the Thanksgiving weekend.

The figure would represent net new subscriber acquisitions for 2006 of 2.6 million to 2.8 million, which, despite the lowered forecast, would show strong year-over-year subscriber growth of approximately 80 percent to 85 percent.

The company also reiterated that it still expects to be free cash flow positive after capital expenditures in the first quarter of next year and possibly in the fourth quarter this year.

Tweet

Talkback

We would love your feedback!

Post a comment

» View All Talkback Threads

Related Content

• Topics
• Author

No related content found.

Also by this author

• Directed Shows BlackBerry App

• Pioneer, Alpine Debut Pandora Car Radios

• More e-Readers, Vendors Expected

• Mobile DTV Products Debut AT CES

• HD Radio Traffic Gets Market Debut

» MORE

• Resource Center
• Browse Categories
• Browse Companies

Featured Company

• Brightpoint

  

  BrightPoint is a global leader in mobile device lifecycle services. We provide a full suite of end-to-end supply chain and customization solutions to manufacturers, retailers and carriers in the mobile device industry. In a world that is increasingly connected with ever-evolving ..more

---

Most Recent Resources

• The Impact of Enhanced Content on Online Retail Sales
• Device Lifecycle Services
• Bicycles & eCommerce
• Benchmark Study of Shopatron Retailers
• Web 2.0: Engaging Customer Passion