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Posted on 02/10/2005 1:30:50 PM PST by t_skoz
XM Satellite's loss shrinks
Reuters February 10, 2005, 7:19 AM PT
http://news.zdnet.com/2100-1040_22-5570889.html
XM Satellite Radio Holdings said Thursday that fourth-quarter losses narrowed on revenue that more than doubled as its subscriber base grew.
The leader in the nascent pay-radio market, XM forecasts subscriber growth of about 71 percent this year and expects to reach cash flow break-even in 2006.
XM said it has more than 3.2 million subscribers, including a net 713,101 added in the fourth quarter.
The company posted a quarterly loss of $188.2 million, or 93 cents per share, compared with a loss of $162.9 million, or $1.12 a share, a year earlier. Revenue rose to $83.1 million, from $33.5 million, a year ago.
Analysts had expected a loss of 80 cents a share on revenue of $80.1 million, according to Reuters Estimates.
XM said its cost per gross addition, a measure of how much it spends to draw in new subscribers, was $100 in 2004, down from $137 in 2003.
XM Radio Ping list! FR-mail me to get added to or removed from this ping list.
Bummer -- I have XM and love it! A great service, but they need more subscribers -- they cannot raise the monthly rate of $10.00. They will go bust if they try that.
Darn.
No one expected either of these to make instant money. But I do believe they will be VERY profitable in the future.
XM Satellite's loss shrinks
I must be missing something.
Me too.
Which is it?
please ping me
Not too sure what's up with that, which is why I posted them on the same thread as opposed to 2 seperate threads!
“There are three kinds of lies: lies, damn lies, and statistics.”
Mark Twain
you've been added to the list...
The loss is distributed over a wider number of outstanding shares as compared to last year. So the total loss is greater, but the per share loss is lower.
I just bought a new car that has XM in it and a three-month free trial. Everything you read about XM is "commercial free!" But when I listened on the hour drive home, they had the same amount of what I'd call commercials as regular radio. What they REALLY mean is that the music channels are MOSTLY commercial-free, but the rest of the channels are just more of the same BS. As far as I'm concerned, whether it's a commercial for deodorant or a commercial to listen to another XM channel, they're both the same. As for the talkie channels, they bandwidth limit them (algorithm compress them something like ADPCM) to the point that everyone sounds like they have a frog in their throat. The only saving grace of the whole mess is that I could listen to FOX NEWS on the drive in the morning if I wanted to spend the $10/month plus whatever else BS charge the local taxing authority can dream up to add on.
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Huh? Sirius is $13 per month. |
I have had Dishnetwork since 1998. They had growing pains also. The more I show XM to people in my GMC Envoy. The more people sign up. XM has made me want to drive for travel again. It will grow.
None of the music channels I listen to on XM have any commercials. They hardly even have DJ's.
Yes, when you listen to Fox News or ABC Talk or whatever, they're going to have commercials but that's a downfall of the channel, not XM.
Sorry you don't like it! I have nothing but good stuff to say about my XM!
What is the attraction of the XM radio? I don't have one, a couple of friends do. I enjoy my CD changer as much as listening to the XM. There must be something to it. Maybe I just don't fit the profile.
Simple really. A widening loss is the same as a shrinking loss, only different.
I take monthly trips from Western NY to Boston, and frequent trips from WNY to Detroit, Washington DC, NYC, Toronto, etc.
XM is awesome for 6 hours in the car. In some parts of Pennsylvania and Ohio, there's only the "3 C's" to listen to... Christian, Country, or Crap.
;-)
Does anyone know when XM and Sirius might have interoperability?
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