Nasdaq Favorite; Sirius XM Radio Review

Sirius XM Radio Inc. (NASDAQ: SIRI) last month announced its fourth-quarter and full-year 2010 financial results. The company posted fourth-quarter revenue of $736 million, up 9% over the same period in 2009.

Sirius reported fourth-quarter EBITDA of $144 million, up 25% over the same period in 2009. The company�s net subscriber additions for the fourth quarter stood at 328,789, compared with 257,028 in the fourth quarter of 2009.

Sirius had free cash flow of $167 million, compared with $150 million reported in the fourth quarter of 2009. The company reported GAAP net loss of $81 million for the fourth quarter of 2010, compared with GAAP net income of $12 million reported for the same period in 2009.

For full year 2010 Sirius reported revenue of $2.82 billion, up 14% over 2009. The company�s adjusted EBITDA for 2010 stood at $626 million, up 35% over 2009.

During 2010 Sirius surpassed 20 million subscribers, becoming the first company in the history of satellite radio to do so. The company added 1,418,206 subscribers during 2010, compared with a net subscriber loss of 231,098 in 2009.

In 2011 the company expects full-year revenue of around $3 billion. The company�s adjusted EBITDA is expected to be around $715 million in 2011.

Since reporting the fourth-quarter financial results, Sirius shares fell 1.09%. Sirius shares have a 52-week range of $0.79-$1.88. Year-to-date Sirius shares gained 11.04%. In the last one year Sirius shares gained 91.83%.

Sirius XM is a New York City-based satellite radio company. The company is involved on the broadcasting of music, sports, news, talk, entertainment, traffic and whether channels in the U.S. on a subscription fee basis through its two satellite radio systems.

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