New York and Washington, DC (October 12, 2006) — Sirius Satellite Radio announced that it ended the third quarter with 5,119,308 subscribers, 135 percent above third quarter 2005 ending subscribers of 2,173,920. XM Satellite Radio announced that it has added more than 285,000 new net subscribers during Q3 for a total of more than 7.185 million subscribers.
Sirius added 441,101 net subscribers in the third quarter of 2006, a 23 percent increase over year-ago third quarter net subscriber additions. Sirius has led the satellite radio industry in net subscriber additions for four consecutive quarters, with 61 percent of total satellite radio net additions in the third quarter of 2006.
Sirius also reiterated its guidance of 6.3 million subscribers by year-end 2006.
XM Satellite Radio’s third quarter results are consistent with the company’s previously stated guidance that it will end the year with total subscribers between 7.7 million and 8.2 million. XM will update its guidance during its upcoming quarterly conference call.
Starting in the third quarter of 2006, XM no longer includes certain rental car fleets (approximately 20,000 subscriptions) in its subscription total. This change is a result of a new marketing program that XM recently implemented with certain rental fleet partners for 2007 model year vehicles. The goal of this program is to increase the number of rental cars equipped with XM Satellite Radio and expose more potential customers to XM’s service.
Sirius Satellite Radio
XM Satellite Radio