Sirius XM Holdings Inc (SIRI)

[SeriousMoney]

Sirius Hits 3 Million Subscribers
TheStreet.com, By TSC Staff
12/27/2005 7:48 AM EST

Sirius (SIRI:Nasdaq - commentary - research - Cramer's Take) said it has cleared its oft-stated goal of ending 2005 with 3 million subscribers to its satellite radio service.

The company previously said it ended the September quarter with 2.17 million subscribers. As reported here, heavy advertising, cash givebacks, a slew of new radios and Howard Stern's January debut were expected to make the Christmas season easily the biggest yet for Sirius and its pay-radio rival XM (XMSR:Nasdaq - commentary - research - Cramer's Take).

In a premarket press release, Sirius said it "recently surpassed 3 million subscribers and expects a strong year-end."

XM had 5.03 million users at the end of September and is pledging 6 million by the end of the year.

For the year, Sirius' stock is down 10%, while XM has lost 23%.

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