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 SIRIUS XM Radio Inc. (NASDAQ: SIRI)
SIRI (SiriusXM) previously reported third quarter 2012 financial and operating results, including revenue of $867 million, up 14% from third quarter 2011 revenue of $763 million. SIRI (SiriusXM) Net income for the third quarter 2012 and 2011 was $75 million and $104 million, respectively, including a loss on extinguishment of debt of $107 million in the third quarter of 2012. SIRI (SiriusXM) Adjusted EBITDA for the third quarter of 2012 was $245 million, up 24% from $197 million in the third quarter of 2011. 
"Our increased subscriber guidance of approximately 1.8 million net additions shows we remain confident about growth in the fourth quarter," stated Mel Karmazin, Chief Executive Officer, SiriusXM. "We were pleased to raise our subscriber guidance for the third time this year." SIRI (SiriusXM) Additional highlights from the third quarter included record subscriber growth, churn and conversion stable, and their free cash flow grew to a record level. SIRIUS XM Radio Inc. (NASDAQ: SIRI) is the world's largest radio broadcaster measured by revenue and has 23.4 million subscribers. SiriusXM creates and broadcasts commercial-free music; premier sports talk and live events; comedy; news; exclusive talk and entertainment; and the most comprehensive Latin music, sports and talk programming in radio. SiriusXM is available in vehicles from every major car company in the U.S., from retailers nationwide, and online at siriusxm.com. SiriusXM programming is also available through the SiriusXM Internet Radio App for Android, Apple, and BlackBerry smartphones and other connected devices. SiriusXM also holds a minority interest in SiriusXM Canada which has more than 2 million subscribers. For more information about SIRIUS XM Radio Inc. please visit www.siriusradio.com. In my opinion this is a stock to watch! (Read Full Disclaimer at http://crweselect.com/disclaimer).
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Mel Karmazin, NASDAQ: SIRI, siri, sirius xm radio,
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