Sirius Radio: Revs Up, Losses Less In 2007

  • February 27, 2008
Sirius Satellite Radio ended 2007 with 8,321,785 subscribers, up 38% from 2006. Total revenue for 2007 increased to $922.1 million, up 45% from 2006 total revenue of $637.2 million. Fourth-quarter 2007 total revenue increased 29% to $249.8 million from the same period the previous year. The radio company also reported a net loss of $565.3 million, or $0.39 per share, for 2007--an improvement of 49% over 2006. or $0.79 per share. For the fourth quarter 2007, the net loss was $166.2 million, or $0.11 per share, as compared to the 4Q 2006 net loss of $245.6 million, or $0.17 per share.

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