XM Satellite Radio Reports Wider Loss, But Increased Revenue - InformationWeek
IoT
IoT
News
News
4/27/2006
07:42 PM
50%
50%
RELATED EVENTS
Faster, More Effective Response With Threat Intelligence & Orchestration Playboo
Aug 31, 2017
Finding ways to increase speed, accuracy, and efficiency when responding to threats should be the ...Read More>>

XM Satellite Radio Reports Wider Loss, But Increased Revenue

Losses increased as subscriber acquisition costs rose in the quarter to $62 per new subscriber from $52 a year ago.

XM Satellite Radio Holdings Inc. on Thursday widened its losses in the first quarter, but doubled revenues and increased the number of subscribers by 72 percent.

The Washington, D.C., company reported a net loss of $149.2 million for the quarter ended March 31, compared with a loss of $119.9 million during the same period a year ago. Losses increased as subscriber acquisition costs rose to $62 per new subscriber in the quarter from $52 a year ago.

Revenues doubled to $208 million from $103 million a year ago. The increase was driven by year over year subscriber growth and a price hike that went into effect in the second quarter of last year. XM's customer base increased to 6.5 million subscribers at the end of the quarter from 3.8 million a year ago.

XM, which airs Major League Baseball, continues to spend heavily on programming to attract subscribers. In May, the company plans to debut a weekly one-hour music show hosted by rock legend Bob Dylan. In June and July it's scheduled to air the FIFA World Cup 2006 soccer tournament in English, and in September "Oprah & Friends," a talk show hosted by popular TV personality Oprah Winfrey.

Comment  | 
Print  | 
More Insights
Comments
Threaded  |  Newest First  |  Oldest First
How Enterprises Are Attacking the IT Security Enterprise
How Enterprises Are Attacking the IT Security Enterprise
To learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
Register for InformationWeek Newsletters
White Papers
Current Issue
IT Strategies to Conquer the Cloud
Chances are your organization is adopting cloud computing in one way or another -- or in multiple ways. Understanding the skills you need and how cloud affects IT operations and networking will help you adapt.
Video
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Flash Poll