Sirius, the smaller of the two satellite radio providers, posted a wider loss but more revenues in the third quarter. The New York-based company said Wednesday that it had $4.3 million in revenues in
the third quarter, compared to $17,000 in the third quarter of 2002 and $2.1 million in the second quarter of this year. Most of the revenue came from subscriptions, which Sirius sells for the mostly
ad-free service. Advertising revenue, net of agency fees, was $39,000 in the third quarter of 2003 compared to $62,000 a year ago. Sirius lost $103.5 million in the third quarter, compared to a loss
of $81.7 million a year ago. At the same time, Sirius made gains on subscribers. Sirius had 149,612 subscribers as of Sept. 30, up 42 percent from the second quarter. That compares to its competitor
in the field, XM Satellite Radio, which disclosed that it had reached the one million subscriber mark less than two years after it was introduced.