Quote:
Originally Posted by TexBiker
Actually, that's not really correct. XM has more subscribers, more revenue, more terrestrial repeaters and better sound quality than Sirius. Both companies are losing money, but Sirius has posted losses totalling almost 2x as much in the past 12 months.
In today's quarterly earnings release, XM posted losses of $129.3M while increasing revenue by 17%. They also reported 303,000 new subscribers, which is up 6.3% from the previous quarter. That gives them a total of 9.3M paid subscriptions...1M more than Sirius.
Sirius has also reduced its estimates for revenue and subscriber growth in FY08. In fact, they believe they will actually begin to lose retail subscribers completely by year end and rely solely on OEM subscriptions to drive growth. Sirius will release it's quarterly earnings after market close today.
Sirius has also delayed the launches of their new satellites (FM-5 and FM-6) by at least a year (2009 and 2012 respectively).
After completion of the merger, most experts believe the current XM format will the be the primary offering while many of Sirius's more popular programs/channels will be pushed over.
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GO XM, I knew I picked the best! :-)
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