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Latest Satellite News Discussion, New Sirius-XM tops 19m subs at General Satellite News forum; Sirius-XM tops 19m subs Written by Chris Forrester Wednesday, 05 May 2010 10:37 Americans are again buying cars, and a ...

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Thumbs up New Sirius-XM tops 19m subs - 05-May-2010, 16:40

Sirius-XM tops 19m subs Written by Chris Forrester
Wednesday, 05 May 2010 10:37
Americans are again buying cars, and a total of 11.4m are now subscribing to Sirius-XM thanks to OEM units in new cars. Moreover, the recession seems to have faded and subs are up.


Total pay-radio subs now formally stand at 18,944,199 (as at March 31) with the quarter seeing growth again, up 171,441 which is a huge improvement on Q1/09 when 402,000 subs walked away. Sirius-XM says it expects a net gain this year of 500,000 subs.


The current picture, while good, is not a record high for Sirius-XM which happened at the tail end of 2008 when it reached 19m.


Sirius posted a first-quarter profit of $41.6m, compared to a year-ago loss of $238.8m



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