SIRIUS ended the third quarter with 5,119,308 subscribers, 135% above third quarter 2005 ending subscribers of 2,173,920. During the third quarter of 2006, SIRIUS added 441,101 net subscribers, a 23% increase over third quarter 2005 net subscriber additions of 359,294. The company claims 61% share of the U.S. market.
Total revenue for the third quarter of 2006 increased to $167.1 million, up 150% from $66.8 million in the third quarter of 2005. There was a net loss of ($162.9) million, or ($0.12) per share.
ARPU was $11.17 in the third quarter of 2006 compared with $11.15 in the year-ago third quarter. ARPU for the third quarter of 2006 included a $0.49 contribution from net advertising revenue compared with a $0.26 contribution from net advertising revenue in the year- ago third quarter. Average monthly churn was 2.0% in the quarter.
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