XM, Sirius Giddy About Growth
Updated from 8:27 a.m. EST
The monsters of satellite radio kept bashing it out Thursday morning, with XM Satellite(XMSR Quote) reporting spiffy subscriber growth leavened by a $162.9 million fourth-quarter loss, and Sirius(SIRI Quote) outlining new marketing alliances with RadioShack(RSH Quote) and Echostar(DISH Quote).
XM, based in Washington, turned $33.5 million in fourth-quarter revenue into a loss of $162.9 million, or $1.12 a share, reflecting $73.7 million in marketing costs, a $39 million depreciation and amortization expense and other items. The results compared with a loss of $155.9 million, or $1.76 a share, on revenue of $9 million last year.
Analysts had been forecasting a loss of $1.15 a share in the latest quarter on revenue of $33.7 million. ...
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