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Sirius (SIRI Quote) matched Wall Street's first-quarter targets Thursday and raised 2005 subscriber growth guidance.
The New York pay radio shop lost $194 million, or 15 cents a share, in the quarter ended March 31. A year ago the company lost $144 million, or 12 cents a share. Revenue rose to $43.2 million from $9.3 million a year earlier.
The company said it added 305,437 subscribers during the quarter and boosted its year-end user target to 2.7 million users from the previous 2.5 million. Sirius also said so-called churn, a measure of monthly customer defections, fell to a record low of 1.3%. ...
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