Sirius XM Radio Dips Behind Netflix in Subscribers

4:23 AM PDT 5/3/2011 by Georg Szalai

The satellite radio firm adds 373,000 subscribers in the first quarter, nearly doubles its profit and eyes a big price increase, but it keeps its 2011 subscriber target unchanged due to possible supply issues after the earthquake in Japan.

NEW YORK – Sirius XM Radio on Tuesday reported improved first-quarter financials and subscriber figures, but - as expected - the company's subscriber count fell behind that of Netflix in the latest period. Meanwhile, management said it is likely to raise its subscription prices if regulators allow it to do so later this year.