With CEO Mel Karmazin speaking at the Citi investors conference in San Francisco, SiriusXM announced that it ended the year with nearly 21.9 million subscribers. The satellite radio service said it added approximately 540,000 net new subscribers in Q4 and approximately 1,700,000 for the full year 2011.
“Based on preliminary subscriber data, we are very pleased to announce that SiriusXM exceeded its subscriber guidance for the year. Our subscriber growth accelerated in 2011 as net additions grew approximately 20%, delivering our best year for net additions since the merger and demonstrating the strong continuing demand for our unmatched audio content,” said Karmazin.
The company reiterated its existing financial guidance for 2011 and 2012.
