Sirius XM (SIRI) Boosts FY12 Net Subs Outlook to 1.8M

Sirius XM Radio (NASDAQ: SIRI) today reported net subscriber additions were 445,921 in the quarter ended September 30, 2012. SiriusXM ended the third quarter with a record 23,365,383 subscribers. Additionally, the company announced that it is raising its net subscriber additions guidance to 1.8 million for 2012 from its previous guidance of 1.6 million.

"These strong net additions produced our best third quarter since the merger and exceeded third quarter 2011 subscriber growth by 34%," noted Mel Karmazin, SiriusXM's Chief Executive Officer. "With almost 1.5 million net subscribers already added in 2012 and continuing growth in auto sales, we will significantly exceed our previous guidance of 1.6 million, marking our third increase in subscriber guidance this year and putting us on track for record post-merger net additions."

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