SiriusXM Reviews Revenue Of $867M, Up 14% In 3Q (SIRI)

SIRIUS XM Radio Corporation. (NASDAQ: SIRI) >

SIRI (SiriusXM) formerly reported third quarter 2012 financial and operating results, including revenue of $867 million, up 14% from third quarter 2011 revenue of $763 million. SIRI (SiriusXM) Net gain for that third quarter 2012 and 2011 was $75 million and $104 million, correspondingly, together with a loss on extinguishment of debt of $107 million within the third quarter of 2012. SIRI (SiriusXM) Modified EBITDA for that third quarter of 2012 was $245 million, up 24% from $197 million within the third quarter of 2011.

“Our elevated customer guidance of roughly 1.8 million internet additions shows we remain confident about development in the 4th quarter,” mentioned Mel Karmazin, Ceo, SiriusXM. “I was very happy to raise our customer guidance for that third time this season.Inch

SIRI (SiriusXM) Additional highlights in the third quarter incorporated record customer growth, churn and conversion stable, as well as their free income increased to some record level.

SIRIUS XM Radio Corporation. (NASDAQ: SIRI) may be the world’s biggest radio broadcaster measured by revenue and it has 23.4 million customers. SiriusXM produces and broadcasts commercial-free music premier sports talk and live occasions comedy news exclusive talk and entertainment and also the very indepth Latin music, sports and talk programming in radio. SiriusXM will come in automobiles of all the major vehicle company within the U.S., from merchants countrywide, an internet-based at SiriusXM programming can also be available with the SiriusXM Internet Radio Application for Android, Apple, and Rim mobile phones along with other connected products. SiriusXM also holds a minority curiosity about SiriusXM Canada that has a lot more than two million customers. To learn more about SIRIUS XM Radio Corporation. check out .

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