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Sirius XM Increases Income, Subs

8/05/2010 10:55:00 AM Eastern
New York - Sirius XM experienced positive second-quarter growth, posting a net income of $15.3 million on sales of $705 million.

The positive net income for the quarter, ended June 30, compares favorably to the $159.6 million loss shown during the same period last year.

For the first six months of 2010 Sirius XM has generated a net income of $56.8 million, compared to a loss of $212.3 million the prior year.

The company's subscriber numbers totaled 19.5 million at the end of the quarter, a net addition of 583,249. The monthly subscriber churn rate was 1.8 percent and average revenue per customer was $11.81, an 11 percent increase from the second quarter of 2009.
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