XM Records Huge Second Quarter Growth

By Digital Trends Staff July 1, 2005

If you happened to notice a little stub appear on the roof of your neighbor’s car recently, odds are he or she is one of the 640,000 new net subscribers XM Radio added to its listener base during the second quarter of 2005.

This new hoard of satellite radio owners ups the total for XM to over 4.4 million. This growth, the company announced today, represents a 53 percent growth over this same time last year. It also reflects a 18 percent jump from the first quarter of this year, when 540,000 new net subscribers signed up.

“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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