XM Satellite Radio Extends Lead With More Than 640,000 New Net Subscribers During Second Quarter of 2005
XM Satellite Radio in early July announced it added more than 640,000 new net subscribers during the second quarter of 2005 for a total of more than 4.4 million subscribers. This subscriber gain represents a 53 percent increase in new net subscribers compared to the second quarter of 2004, when XM recorded 418,000 new net subscribers. Additionally, the 640,000 new net subscriber gain represents an 18 percent increase over the first quarter of 2005 when XM recorded 540,000 new net subscribers.
“This was the best second quarter in the history of XM. The momentum behind XM’s subscriber growth is undeniable. In just one year, XM has more than doubled its subscriber base from 2.1 million in the second quarter of 2004 to over 4.4 million subscribers today,” said Hugh Panero, President and CEO of XM Satellite Radio. “Millions of consumers are choosing XM because of our outstanding programming, including unprecedented coverage of Major League Baseball and the most commercial-free music in satellite radio, as well as strong support from our automotive partners and breakthrough products like our line of XM2go portable, hand-held radios.”
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