Sirius just surprise reported 4Q - 10Q

**Brandon Matthews** · 03-10-2009, 07:34 PM

cnbc liberty interview on sirius ...link

http://www.cnbc.com/id/15840232?video=1058296007&play=1

**Wirestripper** · 03-10-2009, 07:34 PM

Originally Posted by Brandon Matthews

Mel had better be preparing the speech of his life. This company is heading in the wrong direction. This report was awful. If nothing changes, it may as well just give up. The basher journalists are going to have a field day with it. I'm so disgusted, I won't write about it.

Here is how the rss feeds have it reported, and RTT is likely one of the best as far as no spin.

(RTTNews) - Sirius XM Radio Inc. (SIRI: News ) reported a GAAP net loss of $245.8 million or $0.08 per share for the fourth quarter, compared to a loss of $166.2 million or $0.11 per share in the prior year quarter.

Pro forma net loss narrowed to $248.5 million from $405.0 million in the fourth quarter 2007.

Total revenue increased to $622.2 million from $249.8 million in the year-ago quarter.
Fourth quarter pro forma revenue was $644 million, up 16% from $558 million in the preceding year quarter.

Analysts polled by Thomson Reuters expected a loss of $0.07 per share for the quarter on revenue of $629.80 million.

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by RTT Staff Writer

**Sirius Roadkill** · 03-10-2009, 07:38 PM

Originally Posted by Brandon Matthews

cnbc liberty interview on sirius ...link

http://www.cnbc.com/id/15840232?video=1058296007&play=1

Thanks Brandon . . . do you have access to the WSJ article?

**Brandon Matthews** · 03-10-2009, 07:41 PM

Originally Posted by Sirius Roadkill

Thanks Brandon . . . do you have access to the WSJ article?

I haven't checked yet. Keep an eye on drudge...they always make it available in its entirety..

After watching the liberty video, I'm beginning to wonder if the way to play sirius might be to buy liberty...even as a hedge?

**trippingthespeculatingpos** · 03-10-2009, 07:44 PM

business as usual, on their way to becoming profitable and bk out of the way, so why we at .15 again? we will see over .20 by end of week.

**Sirius Roadkill** · 03-10-2009, 07:48 PM

I just watched the CNBC/Maffei interview again . . . I gotta admit, this guy is really growing on me . . . seems like a steady-hand in a storm; smiling through the tough questions, nonconfrontational

hated to give up 40% but I kinda like this guy as a partner . . may he can bring some of the fresh outside the box thinking that current mgmt lacks

This guy may be the new face of the company . . and I will not be unhappy if that is the case.

**Far Away** · 03-10-2009, 07:48 PM

Bradon wrote: This company is heading in the wrong direction.

Far Away wrote: Guys Melone is a fool that after knowing all this he is throwing his money into drain.

Anyone kowns who is stupid?

**Brandon Matthews** · 03-10-2009, 07:49 PM

WSJ posted a correction:

("Sirius XM Radio 4Q Loss Widens On Merger Costs," published at 6:09 p.m. EDT, incorrectly stated the number of subscribers in the ninth paragraph. The correct version follows.)

DOW JONES NEWSWIRES

Sirius XM Radio Inc.'s (SIRI) fourth-quarter loss widened on costs related to the merger of Sirius and XM Radio.

The satellite-radio company was perilously close to bankruptcy last month, before media titan John Malone's Liberty Media Corp. (LINTA, LINTB) lent it $530 million for a 40% stake.

Sirius XM, formed in July when the U.S.'s two only satellite-radio companies merged, faces a mountain of debt and has been hurt by the sharp downturn in U.S. auto sales, a large source of subscribers.

Filing its delayed annual report with the Securities and Exchange Commission, the company said its net loss widened to $245.8 million from $166.2 million. The per-share loss narrowed to 8 cents from 11 cents, reflecting fewer shares outstanding.

The latest results included $83 million in merger-related costs and a $15 million write-down of goodwill.

Revenue more than doubled to $622.2 million because of the inclusion of XM Radio's results.

Analysts' estimates were for a loss of 7 cents a share on revenue of $615.5 million, according to a poll by Thomson Reuters.

Operating expenses grew 54%, with much of the increase due to the merger. Revenue share and royalties jumped 82%, while customer service and billing costs more than doubled.

The company ended the quarter with 19 million subscribers, up 10% from a year earlier.

Average revenue per user was $10.24, up 1.9% because of the start of "best of" package sales and a lower mix of prepaid subscriptions from auto makers.

Subscriber-acquisition costs rose 13%, but SAC per gross subscriber addition fell 32% to $59 on lower retail and manufacturer subsidies. Customer service and billing expenses per average subscriber also slid 4% because of greater efficiency.

Sirius' shares rose 3.4% to 15 cents in after-hours trading. They have fallen 96% in the past year.

-By Kathy Shwiff, Dow Jones Newswires; 201-938-5975; Kathy.Shwiff@dowjones.com

**KingFreep** · 03-10-2009, 07:50 PM

Originally Posted by Far Away

Bradon wrote: This company is heading in the wrong direction.

Far Away wrote: Guys Melone is a fool that after knowing all this he is throwing his money into drain.

Anyone kowns who is stupid?

I do. ME. 95,000 shares worth of stupid.

**Sirius Roadkill** · 03-10-2009, 07:51 PM

Originally Posted by Brandon Matthews

I haven't checked yet. Keep an eye on drudge...they always make it available in its entirety..

After watching the liberty video, I'm beginning to wonder if the way to play sirius might be to buy liberty...even as a hedge?

BINGO!!

That is my thought EXACTLY!! I think you have this one nailed!

But I wish you hadn't published that post until we had time to load up (or did you already load?)

Sirius just surprise reported 4Q - 10Q

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