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The satellite radio service provider posted better-than-expected subscriber growth in its latest quarter, despite increasing its monthly rate by 12% in Sirius Shows How to Play a Price Hike ...
Sirius Satellite Radio Inc. was a satellite radio and online radio service operating in North America, owned by Sirius XM Holdings. Headquartered in New York City, with smaller studios in Los Angeles and Memphis , Sirius was officially launched on July 1, 2002.
Revenue guidance of $8.5 billion for the year ahead is actually down from this year's expected top line of $8.7 billion, as well as less than analysts' consensus 2025 estimate of $8.6 billion.
XM satellite radio was launched in Canada on November 29, 2005. Sirius followed two days later on December 1, 2005. Sirius Canada and XM Radio Canada announced their merger into Sirius XM Canada on November 24, 2010. [35] It was approved by the Canadian Radio-television and Telecommunications Commission on April 12, 2011. [36]
SiriusXM has a dedicated base of users, but AM/FM still controls a 60% share of ad-supported and ad-free offerings in cars, according to Edison Research’s Q1 2024 Share of Ear survey. (And it ...
The U.S. Federal Communications Commission (FCC) approved the merger of XM Satellite Radio and Sirius Satellite Radio, Inc. on July 29, 2008, 17 months after the companies first proposed it. [4] The merger created a company with 18.5 million subscribers, [4] and the deal was valued at US$3.3 billion, not including debt. [5]
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