By Demian Russian
Sirius XM Radio (NASDAQ:SIRI) CEO Mel Karmazin, at the Liberty Media 2012 Investor Meeting in New York City, pre-announced that Sirius XM had added 445,921 net new subscribers during its third quarter, ending September 30th, 2012. Sirius XM ended the third quarter with a record 23,365,383 subscribers. In addition, Mel Karmazin announced that the company was raising its full-year 2012 net new subscriber addition guidance from a previous guidance of 1.6 million to 1.8 million.
“These strong net additions produced our best third quarter since the merger and exceeded third quarter 2011 subscriber growth by 34%. With almost 1.5 million net subscribers already added in 2012 and continuing growth in auto sales, we will significantly exceed our previous guidance of 1.6 million, marking our third increase in subscriber guidance this year and putting us on track for record post-merger net additions.”
– Mel Karmazin, SiriusXM Radio’s Chief Executive Officer
Sirius XM Radio is scheduled to report its third quarter 2012 earnings results on Tuesday, October 30th, 2012. Sirius XM has scheduled a conference call to discuss these Q3 results for Tuesday, October 30th at 8:00 am ET.
A live webcast of Sirius XM’s Q3 conference call will be made available on the company’s website at www.siriusxm.com, as well via satellite radio on Sirius Radio channel 94 and XM Radio channel 173, and online on SiriusXM Internet Radio.
Demian Russian is the Editor-in-Chief of Satellite Radio Playground and Market Playground.
Disclosure: Long SIRI
Contact the author: DemianRussian@SatelliteRadioPlayground.com
