UPDATE 1-Sirius sees strong subscriber growth, shares jump

* Ups full-year outlook for net subscriber additions

* Sees pro-forma adj income from operations at $575 mln

* Sees 2010 free cash flow exceeding $100 million

* Shares up 7.5 pct

May 17 (BestGrowthStock) – Satellite radio provider Sirius XM Radio
(SIRI.O: ) raised its full-year expectations for net subscriber
additions by about 50 percent, helped by improving auto sales.

Shares of the company jumped nearly 7.5 percent Monday to
$1.15 in trading before the bell. They closed at $1.07 Friday
on Nasdaq.

The company now expects net subscriber additions to be
about 750,000, compared with prior expectations of over 500,000
subscribers additions.

“Our continuing strong operating performance, the
recovering economy, and improving auto sales support our
increase in guidance today,” Chief Executive Mel Karmazin said
in a statement.

It also raised its expectations for pro-forma adjusted
income from operations to be about $575 million, up from its
prior view of $550 million for 2010.

Sirius, which is home to radio personalities like Howard
Stern and Martha Stewart, also expects full-year pro-forma
revenue to be about $2.75 billion.

Stock Market Investing

(Reporting by Shrutika Verma in Bangalore; Editing by Aradhana
Aravindan)

UPDATE 1-Sirius sees strong subscriber growth, shares jump