Sirius Reports Wider Loss Despite Record Subs
New York — Sirius Satellite Radio last week reported its revenue for 2005 soared 262 percent to $242.2 million and jumped to $80 million for the quarter, compared with $25.2 million in the fourth quarter of 2004, driven by a sharp rise in subscribers.
XM Hurt In Q4 By New Car Slowdown
Washington – XM Satellite Radio last week noted it was disappointed that it missed by a slim margin its forecast of hitting six million subscribers by the end of 2005, which it blamed on slower than expected new car sales in the fourth quarter. (Please also see XM Q4 Revenue More Than Doubles for more news)