Sirius Satellite Radio Inc., which has agreed to acquire its rival XM Satellite Radio Holdings Inc., reported a narrower loss for the fourth quarter as revenue more than doubled.
Sirius had a net loss of $245.6 million, or 17 cents a share, in the last three months of 2006 versus a loss of $311.4 million, or 23 cents, in the same period a year earlier.
Revenue more than doubled to $193.4 million from $80 million a year earlier.
Analysts polled by Thomson Financial were expecting a loss of 19 cents a share on revenue of $173 million.
New York-based Sirius ended the year with just over 6 million subscribers, 82% higher than the 3.3 million it had last year.
Sirius has agreed to buy Washington-based rival XM in a combination that would create one large provider of satellite radio services. But the deal, which the companies announced last week, will face tough regulatory scrutiny in Washington.