Pre-merger results at SiriusXM Canada "impressive"

TORONTO – In advance of their pending merger, XM Canada and Sirius Canada released their consolidated standalone financial results for the third quarter ended May 31, 2011.Revenue at Sirius Canada jumped 19.1% to $43 million from $36.1 million, and EBITDA, excluding merger costs of $0.4 million, improved by 43.1% to $7.3 million from $5.1 million. Self-paying subscribers were up 16.5% to 866,430 from 744,000 in the same quarter last year.At XM Canada, revenue increased 18.7% to $16.8 million from $14.1 million, while EBITDA, excluding $2.5 million in merger costs, improved by 56.4% to negative $1.6 million. Self-paying subscribers grew by 10.4% to...