Sirius Tops 6,000,000 Subscribers; Misses Goals For Year
Jan 4th, 2007 | By James Lewin | Category: General 
Sirius Satellite Radio today announced that it ended 2006 with approximately 6,024,000 subscribers, an 82% increase over the company’s 2005 ending subscriber base, but short of its goals for the year.
Based on preliminary financial data, Sirius also achieved its first ever quarter of positive free cash flow in the fourth quarter of 2006.
Both Sirius and XM have struggled to achieve profitability, faced with high costs for user acquisition and growing competition from Internet radio and podcasts.
[…] The two companies have long struggled with the high cost of acquiring subscribers. In 2007, Sirius missed its goals for subscriber growth. Satellite radio has faced several new challenges in the last year: […]