Vancouver, British Columbia, January 6, 2012 - SiriusXM Radio (NASDAQ:SIRI) announced at a conference call that it ended 2011 with nearly 21.9 million subscribers. SiriusXM Radio is America's satellite radio company, broadcasting more than 135 satellite radio channels of commercial-free music, along with premier sports, news, talk, entertainment and other content to its subscribers.
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The company reported approximately 540,000 net new subscribers in the fourth quarter and approximately 1,700,000 for the full year 2011.
Mel Karmazin, CEO, stated, "Based on preliminary subscriber data, we are very pleased to announce that Sirius XM exceeded its subscriber guidance for the year. Our subscriber growth accelerated in 2011 as net new additions grew approximately 20%, delivering our best year for net additions since the merger and demonstrating the strong continuing demand for our unmatched audio content".
The company also owns 38% of Canadian Satellite Radio Holdings which operates as SiriusXM Canada, and trades on the Toronto Stock Exchange under the symbol XSR.
SiriusXM programming is available on more than 800 devices, including pre-installed and after-market radios in cars, trucks, boats and aircraft, as well as smartphones and mobile devices.
SiriusXM has arrangements with every major automaker and has a 65% OEM penetration for U.S. auto sales.
The shares are trading at $2.00 per share, and with 3.8 billion shares outstanding, the company is capitalizated at $7.6 billion.
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