Sirius Posts Record Quarterly Revenues
Sirius Satellite Radio reported record revenues during the first quarter. For the three month period ending March 31st, revenues improved 61 percent to $204 million, though losses remained.
For the quarter, net losses totaled $144.7 million, substantially less than a $458.5 million dive recorded during the year-ago quarter. Sirius also acquired 556,490 new customers during the period, bringing their total to 6.6 million.
The subscriber aquisition rate is actually leveling off a bit. During the comparable quarter last year, the company added 761,187, landing at just over 4 million.