SIRIUS Satellite Radio trimmed its year-end 2006 subscriber guidance, saying it now expects to have between 5.9 million and 6.1 million subscribers at year-end.
“While strong, this year’s retail sales results since the Thanksgiving weekend have not been at the pace we had anticipated. We are updating our year-end 2006 subscriber guidance to between 5.9 million and 6.1 million. At the lower end of our range we will still add almost 20% more subscribers in 2006 than we did in 2005, a record year for SIRIUS,” said Mel Karmazin, CEO of SIRIUS.
The guidance range represents total net subscriber additions of approximately 2.6 million to 2.8 million in 2006, or year-over-year subscriber growth of approximately 80% to 85%.
http://www.sirius.com
