Canadian Satellite Radio’s Q3 overall revenue up $64.6 million

Canadian Satellite Radio Holdings Inc. (CSR) has posted its third-quarter results, which reflect continued growth in its subscriber base as well as an increase in its overall revenue. The parent of Sirius XM Canada, the country’s only satellite radio company, CSR also posted a reduced third-quarter loss. It said its loss for the three months ended May […]

Canadian Satellite Radio Holdings Inc. (CSR) has posted its third-quarter results, which reflect continued growth in its subscriber base as well as an increase in its overall revenue.

The parent of Sirius XM Canada, the country’s only satellite radio company, CSR also posted a reduced third-quarter loss. It said its loss for the three months ended May 31 was about $4.2 million with $64.6 million of overall revenue.

The total number of subscribers to its satellite radio services increased by about 200,000 from a year earlier to 2.1 million, including 1.5 million self-paying subscribers.

CSR’s year-earlier quarterly net loss was $9.1 million with $59.7 million of revenue from 1.9 million subscribers, including 1.3 million self-paying.

In the previous quarter, CSR had a $2.7 million net loss with $63.8 million of revenue and 2.0 million subscribers, including 1.45 million self-paying.

For the first nine months of CSR’s financial year, net loss was $10.3 million down from $20.8 million in 2011 while revenue was $191.5 million, up from $177.3 million last year.

Media Articles

As Prime Minister, Kellie Leitch would scrap CBC

Tory leadership hopefuls are outlining their views on national broadcaster's future

‘Your Morning’ embarks on first travel partnership

Sponsored giveaway supported by social posts directed at female-skewing audience

KitchenAid embraces social for breast cancer campaign

Annual charitable campaign taps influencers and the social web for the first time

Netflix debates contributions with Canadian Heritage

Netflix remains wary of regulation as some tout 'Anne' and 'Alias Grace' partnerships

Canadians warm up to social commerce

PayPal and Ipsos research shows "Shop Now" buttons are gaining traction

Online ad exchange AppNexus cuts off Breitbart

Popular online ad exchange bans site for violating hate speech policy

Robert Jenkyn is back at Media Experts

Former Microsoft and Globe and Mail exec returns to the agency world

2016 Media Innovation Awards: The complete winners list

All the winning agencies from media's biggest night out!

A CEO’s tips for using DIY video in consumer marketing (Column)

Vidyard's Michael Litt argues against outdated 'text tunnel vision'