Excluding items, the company posted a third-quarter profit of 2 cents a share, which beat analysts' estimates for the company to break even, according to Thomson Reuters I/B/E/S.
Net income was $67.6 million, compared to a loss of $151.5 million a year earlier.
The company, home to programming by Howard Stern and Oprah Winfrey, had total adjusted revenue of $722.5 million in the quarter, up 15 percent from a year ago, and beating analysts expectations of about $719 million.
Its shares were up 2 percent in premarket Nasdaq trading, having closed Wednesday at $1.57.
In the quarter, Sirius XM spent less on acquiring subscribers, which Lazard Capital Markets analyst Barton Crockett said provided a "huge upside surprise."
The subscriber acquisition cost (SAC) fell 14 percent to $59 from $69 in the third quarter 2009.
"They spent a lot less on subscriber additions, which means they are making more money," he said.
Crockett said he was surprised Sirius XM did not disclose anything new about the status of Howard Stern's contract. Stern's five-year $500 million contract with Sirius XM Radio is up in December and investors have expressed concern that the service would lose subscribers if Stern were to jump ship.
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