There are now more than 21 million subscribers for the service that delivers dozens of premium content channels for $13 a month.
The quarter wasn't perfect. Revenue and average revenue per user came in a little light. However, both of those points are irrelevant, with Sirius XM insisting that it will raise its prices early next year.
Investors will naturally want to see whether churn holds up after the increase. The media company is also upgrading its platform later this year, introducing personalization and time-shifting features to a new breed of receivers.
It's not as if Sirius XM is toiling away in a hot niche. Terrestrial-radio stations aren't attracting a lot of investor interest these days. Pandora Media (NYS: P) is trading below its recent IPO price. Sirius XM has the grit of a survivor -- and disruptor.
Briefly in the news
And now let's take a quick look at some of the other stories that shaped our week.
Until next week, I remain,
At the time thisarticle was published The Motley Fool owns shares of Research In Motion. Motley Fool newsletter services have recommended buying shares of OpenTable and Sohu.com. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.Longtime Fool contributorRick Munarrizrecommends windshield wiper fluid when trying to look back. He owns no shares in any of the stocks in this story and is also part of theRule Breakersnewsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2011 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.