Sirius Satellite Radio Posts $134.1 Million Loss

Bralio

Waddle-doodle
Apr 13, 2005
1,185
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#1
Sirius Satellite Radio Posts $134.1 Million Loss


http://www.nytimes.com/aponline/business/AP-Earns-Sirius.html?_r=1&ref=technology&oref=slogin

NEW YORK (AP) -- Sirius Satellite Radio Inc. on Tuesday said its net loss slimmed substantially in the second quarter, as it added more than a half-million new subscribers and revenue grew by about 50 percent.

New York-based Sirius reported a net loss of $134.1 million, or 9 cents per share, compared with a loss of $237.8 million, or 17 cents per share, a year earlier.

On an adjusted basis, excluding stock-based compensation costs, Sirius lost 8 cents per share in the period. Revenue rose to $226.4 million from $150.1 million a year earlier.

Analysts polled by Thomson Financial on average expected a loss of 10 cents per share in the quarter on revenue of $228.3 million.

In other key metrics watched by investors, Sirius' cost for adding each subscriber fell to $108 from $131 in the same period a year ago.

Average monthly revenue per subscriber, however, fell to $10.71 from $11.71 in the same period a year ago, partly on a decline in average advertising revenue per subscriber.

Average monthly churn -- reflecting the rate at which users drop out of the service -- edged up to 2.1 percent from 1.8 percent in the same period a year ago.

Sirius reported net subscriber additions of 561,493 for the quarter, taking its total to more than 7 million.

The company also said it continues to expect that its combination with XM Satellite Radio Holdings Inc. will be completed by the end of the year.

The deal is facing tough regulatory scrutiny in Washington, and the two companies recently announced proposed pricing plans that would allow users greater choice in which channels they receive and how much they pay.

Sirius shares rose 10 cents to $3.07 in early trading Tuesday.
 

Hog's Big Ben

Getting ass-***** in The Octagon, brother.
Donator
Jul 28, 2005
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#3
They still put a foot in XM's ass with new subs (mainly through new cars).
 

SOS

ONA
Wackbag Staff
Aug 14, 2000
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#6
http://www.newratings.com/analyst_news/article_1567605.html

Citadel Broadcasting "sell," target price reduced

Tuesday, July 10, 2007 9:49:55 AM ET
Banc of America

NEW YORK, July 10 (newratings.com) - Analyst Jon Jacoby of Banc of America Securities reiterates his "sell" rating on Citadel Broadcasting (CDL.NYS), while revising his estimates for the company. The target price has been reduced from $7.50 to $5.50.

In a research note published this morning, the analyst mentions that the company’s EBITDA guidance for 2008 seems to be aggressive, as the guidance does not include stock compensation expenses of about $400 million. The analyst expresses his optimism regarding the expected recovery in the recently acquired ABC Radio due to a continued decline in the ratings share. The EPS estimate for FY07 has been raised from $0.40 to $0.41. The EPS estimate for FY08 has been reduced from $0.35 to $0.34.
 

Kris_LTRMa

LoseTheRadio.net's Ma
Nov 17, 2006
9,749
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#7
What does Citadel have to do with anything? I'm not being obnoxious, it's a real question. Do they have a stake in Sirius?
 

badmotherfarker

Howard's Ballwasher.
Apr 26, 2006
277
0
0
#8
Uhm, XM posted a $174 million loss...


From Orbitcast:

XM Satellite Radio announces 2Q07 results, loss narrows

2 comments Thursday, July 26, 2007 at 09:00 AM

Filed under: XM XMSR Stock News

XM Satellite Radio (XMSR) announced their 2Q06 earnings results, showing that net loss was down $176 million from $229 million a year earlier. Revenue for this year's second quarter increased 22% year over year to $277 million compared to $228 million in the 2006 second quarter.

XM ended 2Q07 with more than 8.25 million subscribers.

In Q2 2007, XM had 942,000 gross subscriber additions and 338,000 net subscriber additions - compared to 926,000 gross and 398,000 net subscriber additions in the same period last year.

2Q07 SAC came in at $75 compared to $67 in 2Q06. Second quarter 2007 SAC includes $10 for inventory-related charges as well as a $10 increase as a result of continued OEM growth from increased production by our newer automotive partners.

CPGA in the 2007 second quarter rose to $121 compared to $112 in the second quarter of 2006.

Adjusted operating loss (formerly adjusted EBITDA) was $47 million compared to a loss of $46 million in the same period of 2006. This adjusted operating loss includes $4 million in expenses related to XM's pending merger with Sirius Satellite Radio.
 

d0uche_n0zzle

**Negative_Creep**
Sep 15, 2004
46,851
6,936
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#9
Why don't you go back to xm411.com, oh that's right, they bounced you from there. :action-sm
 

Ballbuster1

In The Danger Zone...
Wackbag Staff
Aug 26, 2002
103,801
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919
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#10
I'm not convinced satrad will ever get it together. The XM suspension of O&A
convinced me that I don't need them and I know of a few other people that
will never go back or just never get it in the 1st place.
I-pods and MP3 players are more affordable in the long run and you can get
a better selection of the music you want.
 

badmotherfarker

Howard's Ballwasher.
Apr 26, 2006
277
0
0
#12
I'm not convinced satrad will ever get it together. The XM suspension of O&A
convinced me that I don't need them and I know of a few other people that
will never go back or just never get it in the 1st place.
I-pods and MP3 players are more affordable in the long run and you can get
a better selection of the music you want.
Satrad NEEDS the merger or it's gonna get bought out. Satrad isn't going away though- it's way too profitable (almost). But, either Sirius or XM is gone is this merger fails.
 
Jun 30, 2005
10,856
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outsiddah Boston
#14
What does Citadel have to do with anything? I'm not being obnoxious, it's a real question. Do they have a stake in Sirius?
O&A poured a SHITLOAD of cash into the Citadel I.P.O ages ago and have been sitting on stock that is worth 1/4 of what they paid...Ant and Opie will reference it now and again...
 

d0uche_n0zzle

**Negative_Creep**
Sep 15, 2004
46,851
6,936
763
F.U.B.A.R
#16
I hope Homeless Charlie has an Unplanned Sexual Experience with your ass. :action-sm
 

Kris_LTRMa

LoseTheRadio.net's Ma
Nov 17, 2006
9,749
1
333
right where I wanna be
#17
O&A poured a SHITLOAD of cash into the Citadel I.P.O ages ago and have been sitting on stock that is worth 1/4 of what they paid...Ant and Opie will reference it now and again...
Thanks for clarifying ... so it has nothing to do with Sirius' loss this quarter?
 

KevRules

Registered User
Feb 19, 2007
141
0
0
#18
wow, Sirius is still gaining on XM, beating them in net subscribers for 7 consecutive quarters

Xm - percent of total net subscribers
4Q05-47.3% 1Q06-42.8% 2Q06-39.9% 3Q06-39.3% 4Q06-32.8% 1Q07-33.9% 2Q07-37.6%


Sirius - percent of total net subscribers
4Q05-52.7% 1Q06-57.2% 2Q06-60.1% 3Q06-60.7% 4Q06-67.2% 1Q07-66.1% 2Q07-62.4%

 

Party Rooster

Unleash The Beast
Apr 27, 2005
40,284
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#19
wow, Sirius is still gaining on XM, beating them in net subscribers for 7 consecutive quarters

Xm - percent of total net subscribers
4Q05-47.3% 1Q06-42.8% 2Q06-39.9% 3Q06-39.3% 4Q06-32.8% 1Q07-33.9% 2Q07-37.6%


Sirius - percent of total net subscribers
4Q05-52.7% 1Q06-57.2% 2Q06-60.1% 3Q06-60.7% 4Q06-67.2% 1Q07-66.1% 2Q07-62.4%

Why do I get the distinct feeling of a dog nipping at my heels as I ride my bike?
 

Hoffman

Guess who's back? Hoffman's back
Sep 28, 2006
34,674
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#20
Satrad NEEDS the merger or it's gonna get bought out. Satrad isn't going away though- it's way too profitable (almost). But, either Sirius or XM is gone is this merger fails.
And a good portion of the experts all predict the Doggy company being the one that doesn't survive. Which makes complete sense when you think about it. Sirius is spending the most money on the programing they CAN'T drop, Stern, NFL, NASCAR (I guess this one is debatable) while XM has much more leeway in what they can drop to cut costs.
 

Larz

****Self-Banned****
It's My Birthday!
Feb 12, 2006
2,678
2
228
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#21
And a good portion of the experts all predict the Doggy company being the one that doesn't survive. Which makes complete sense when you think about it. Sirius is spending the most money on the programing they CAN'T drop, Stern, NFL, NASCAR (I guess this one is debatable) while XM has much more leeway in what they can drop to cut costs.
If thats the case why didn't XM just tell em to fuck off with the merger and wait them out. Let Sirius implode and cherry pick their assets.

I'm guessing you must have some super secret information that XM doesn't know about.
 

Hoffman

Guess who's back? Hoffman's back
Sep 28, 2006
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#22
If thats the case why didn't XM just tell em to fuck off with the merger and wait them out. Let Sirius implode and cherry pick their assets.

I'm guessing you must have some super secret information that XM doesn't know about.
Nothing secret man, I just read the business news. It's all public info. Experts place the chances of the merger happening at most at 30% and a good ammount of them like XM to survive if it doesn't go through. Go out there and search them out, you'll see them.
 

Larz

****Self-Banned****
It's My Birthday!
Feb 12, 2006
2,678
2
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#23
Nothing secret man, I just read the business news. It's all public info. Experts place the chances of the merger happening at most at 30% and a good ammount of them like XM to survive if it doesn't go through. Go out there and search them out, you'll see them.
So explain why XM would enter into the merger agreement in the first place if this is such common knowledge?
 

Hoffman

Guess who's back? Hoffman's back
Sep 28, 2006
34,674
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#24
So explain why XM would enter into the merger agreement in the first place if this is such common knowledge?
I don't know, nor do I care. Why would Mel keep going through with a merger that even he has publicly admitted to will most likely not be approved?