Earnings: Waiting For Merger, XM 4Q Revenue Rises As Profit Losses Diminish

A week after announcing its planned $13 billion merger with rival Sirius Satellite Radio, XM Satellite Radio (Nasdaq: XMSR) reported that revenue rose 45 percent in 4Q06, although the company fell just short of its subscriber target for the year. Specifically, XM’s 4Q revenue rose to $257 million from $177 million a year ago. Additionally, XM, which has never reported a profit, was also able to minimize losses during the quarter. It lost $263.1 million, or 90 cents per share, after paying preferred dividends in the final three months of 2006

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