XM, Sirius Both Cut Losses

Iria · Feb 27, 2007, 06:59 PM

Source: BetaNews
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Both XM and Sirius reported their full fourth calendar quarter results this week, showing that while both companies were making progress at narrowing losses, true profitability is still a long ways away.

XM was first to report on Monday, and said that it had accumulated a loss of $256.7 million on revenues of $257.1 million, up 45 percent over last year. The company ended the year with just over 7.6 million subscribers, adding 442,679 subscribers in the fourth quarter.

Feb 27, 2007, 06:59 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 87	XM, Sirius Both Cut Losses Source: BetaNews __________ Both XM and Sirius reported their full fourth calendar quarter results this week, showing that while both companies were making progress at narrowing losses, true profitability is still a long ways away. XM was first to report on Monday, and said that it had accumulated a loss of $256.7 million on revenues of $257.1 million, up 45 percent over last year. The company ended the year with just over 7.6 million subscribers, adding 442,679 subscribers in the fourth quarter.