- 2007 Net Subscriber Additions of Approximately 2.3 Million
- Company to Report Positive Free Cash Flow for the Fourth Quarter of 2007
NEW YORK, Jan. 3 /PRNewswire-FirstCall/ -- SIRIUS Satellite Radio
(Nasdaq: SIRI) today announced that it ended 2007 with 8,321,785
subscribers, up from the company's 2006 ending subscriber base of
6,024,555. During 2007, SIRIUS added approximately 2.3 million net
subscriber additions.
(Logo: http://www.newscom.com/cgi-bin/prnh/19991118/NYTH125 )
"SIRIUS' subscriber base increased 38% in 2007, and our gross
subscriber additions in 2007 were the highest in the history of satellite
radio," said Mel Karmazin, CEO for SIRIUS. "Our full year monthly
subscriber self-pay churn rate was 1.6% and all-in churn was 2.2%,
consistent with the low end of our guidance. Based upon preliminary
financial data, we expect to report significantly greater positive free
cash flow in the fourth quarter of 2007 than the company reported in the
fourth quarter of 2006."
SIRIUS plans to release full year 2007 financial results and 2008
guidance in February 2008.
About SIRIUS
SIRIUS, "The Best Radio on Radio," delivers more than 130 channels of
the best programming in all of radio. SIRIUS is the original and only home
of 100% commercial free music channels in satellite radio, offering 69
music channels. SIRIUS also delivers 65 channels of sports, news, talk,
entertainment, traffic, weather and data. SIRIUS is the Official Satellite
Radio Partner of the NFL, NASCAR and NBA, and broadcasts live play-by-play
games of the NFL and NBA, as well as live NASCAR races. All SIRIUS
programming is available for a monthly subscription fee of only $12.95.
SIRIUS also offers an Internet-only radio service as well as SIRIUS
Backseat TV(TM), a live in-vehicle rear seat entertainment service.
Click on http://www.sirius.com to listen to SIRIUS live, or to purchase a
SIRIUS radio and subscription.
Any statements that express, or involve discussions as to,
expectations, beliefs, plans, objectives, assumptions, future events or
performance with respect to SIRIUS Satellite Radio Inc. are not historical
facts and may be forward-looking and, accordingly, such statements involve
estimates, assumptions and uncertainties which could cause actual results
to differ materially from those expressed in any forward-looking
statements. Accordingly, any such statements are qualified in their
entirety by reference to the factors discussed in our Annual Report on Form
10-K for the year ended December 31, 2006 filed with the Securities and
Exchange Commission. Among the significant factors that could cause our
actual results to differ materially from those expressed are: our pending
merger with XM Satellite Radio Holdings, Inc. ("XM"), including related
uncertainties and risks and the impact on our business if the merger is not
completed; any events which affect the useful life of our satellites; our
dependence upon third parties, including manufacturers of SIRIUS radios,
retailers, automakers and programming providers; and our competitive
position versus other audio entertainment providers.
G-SIRI
Media Contact:
Patrick Reilly
SIRIUS
212 901 6646
preilly@siriusradio.com
Analyst Contact:
Paul Blalock
SIRIUS
212 584 5174
pblalock@siriusradio.com
Hooper Stevens
SIRIUS
212 901 6718
hstevens@siriusradio.com
SOURCE SIRIUS Satellite Radio
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