October 14th, 2010 
admin New York, NY, United States (AHN) – Sirius XM Radio announced he company tripled its subscribers in the third quarter of 2010 compared to a year ago. The satellite radio provider said it added 334,727 net subscribers in the third quarter of 2010, compared to a net subscriber gain of 102,295 in the third quarter of 2009.
The figures mark a rise in the popularity of the technology and subscribers are the most important revenue stream for the company.
In the first three quarters of this year, Sirius XM added 1,089,417 net subscribers compared to a loss of 488,126 net subscribers in the first three quarters of 2009. In the third quarter the company boasted a third quarter with a record-high 19,862,175 subscribers, an increase of more than 1.3 million subscribers from September 30, 2009.
The company, which was facing bankruptcy a year ago, is making strides and expects to end the year with approximately 20.1 million subscribers, the highest in its history, implying net additions of approximately 1.3 million in 2010.
On Tuesday, Sirius shares reached a 52-week high of $1.35. The stock has been steadily gaining since a low of 55 cents one year ago.
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