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SIRIUS ended the second quarter with 7,142,538 subscribers adding 561,493 net subscribers, comprised of 129,843 net additions from retail and after-market channels and 431,650 from the OEM channel in Q2 2007. In the second quarter, SIRIUS captured 62% of satellite radio segment share, marking the seventh consecutive quarter of leadership in satellite radio subscriber growth.

Total revenue for the second quarter of 2007 increased to a record $226.4 million, up 51% from $150.1 million for the year-ago second quarter. Advertising revenue was $9.2 million in the second quarter of 2007 and average monthly revenue per subscriber (or “ARPU”) was $10.71. SAC per gross subscriber addition was $108 for the second quarter of 2007 compared to $131 for the year-ago second quarter.

SIRIUS’ net loss improved by 44% to ($134.1) million, or ($0.09) per share, for the second quarter of 2007, from ($237.8) million, or ($0.17) per share, for the second quarter of 2006. The adjusted net loss for second quarter 2007 (adjusted to exclude stock-based compensation) improved to ($117.1) million, or ($0.08) per share, down from ($159.6) million, or ($0.11) per share, for second quarter 2006.

2007 Outlook
- Total revenue approaching $1 billion.
- 8 million+ subscribers by year end.
- Average churn 2.2% - 2.4%
- SAC nearing $100

Here is the full release with the financial statements, Sirius Q2 2007 Results.

Tuesday, July 31st, 2007 at 12:23 pm and is filed under Sirius. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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