SIRI » Topics » Substantial EBITDA improvement in 2009

This excerpt taken from the SIRI 8-K filed Dec 18, 2008.

Substantial EBITDA improvement in 2009

23

Adjusted EBITDA turns positive in 2009

Approximately ($200) mm in 2008

Approximately $300 mm in 2009

Driven by revenue growth and cost cuts / synergies, offset
by royalty and revenue share increases

Source: Company filings and estimates.


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