XM Satellite Radio Increases Lead with More Than 617,000 New
Net Subscribers During Third Quarter of 2005
WASHINGTON, Oct. 3 /PRNewswire-FirstCall/ -- XM Satellite Radio
(Nasdaq: XMSR), the nation's leading provider of satellite radio, today
announced it added more than 617,000 new net subscribers during the third
quarter of 2005 for a total of more than 5.03 million subscribers. This
subscriber gain represents a 48 percent increase in new net subscribers
compared to the third quarter of 2004, when XM added more than 415,000 new net
subscribers.
"This continues to be a phenomenal year for XM Satellite Radio, with more
than 1.8 million new net subscribers since the beginning of 2005," said Hugh
Panero, President and CEO, XM Satellite Radio. "During the third quarter, we
increased our lead as the number-one satellite radio company by topping five
million subscribers, and we expect to surpass six million by the end of the
year. This was our best third quarter ever, and with a tremendous line-up of
new products and programming choices, we expect the fourth quarter to be the most successful in the history of our company."
Panero recently celebrated XM's five-million-subscriber milestone by
opening the NASDAQ Stock Market in New York with Grammy-winning musical artist
and actor Chris "Ludacris" Bridges, who will host an exclusive XM show
starting in January. During the quarter General Motors and XM also celebrated
the three millionth GM vehicle with factory-installed XM Satellite Radio.
XM's exclusive satellite radio coverage of Major League Baseball shifts
into high gear this week with live play-by-play coverage of post-season
action, starting Tuesday with the San Diego Padres vs. the St. Louis Cardinals
at 1pm ET (XM Channel 183), the Boston Red Sox vs. the Chicago White Sox at
4pm ET (XM Channels 176 and 190) and the New York Yankees vs. the Los Angeles
Angels at 7pm ET (XM Channels 177 and 190).
Today also marks the debut of "Take Five," the XM talk radio channel aimed
at women, featuring satellite radio broadcasts of high-profile programs such
as "The Ellen DeGeneres Show." This Wednesday, XM will begin carrying National
Hockey League games as part of a ten-year agreement with the NHL.
About XM Satellite Radio
XM (Nasdaq: XMSR) is America's number one satellite radio service with
more than 5 million subscribers. Broadcasting live daily from studios in
Washington, DC, New York City and Nashville at the Country Music Hall of Fame,
XM's 2005 lineup includes more than 150 digital channels of choice from coast
to coast: the most commercial-free music channels, plus premier sports, talk,
comedy, children's and entertainment programming; and 21 channels of the most
advanced traffic and weather information. XM was named Best Radio Service at
the 2004 Billboard Digital Entertainment Awards.
XM, the leader in satellite-delivered entertainment and data services for
the automobile market through partnerships with General Motors, Honda, Toyota,
Hyundai, Nissan, Porsche, and Volkswagen/Audi, is available in more than 120
different vehicle models for 2005. XM's industry-leading products are
available at consumer electronics retailers nationwide. For more information
about XM hardware, programming and partnerships, please visit
http://www.xmradio.com .
Factors that could cause actual results to differ materially from those in
the forward-looking statements in this press release include demand for XM
Satellite Radio's service, the Company's dependence on technology and third
party vendors, its potential need for additional financing, as well as other
risks described in XM Satellite Radio Holdings Inc.'s Form 8-K filed with the
Securities and Exchange Commission on 8-5-05. Copies of the filing are
available upon request from XM Radio's Investor Relations Department.
SOURCE XM Satellite Radio
Net Subscribers During Third Quarter of 2005
WASHINGTON, Oct. 3 /PRNewswire-FirstCall/ -- XM Satellite Radio
(Nasdaq: XMSR), the nation's leading provider of satellite radio, today
announced it added more than 617,000 new net subscribers during the third
quarter of 2005 for a total of more than 5.03 million subscribers. This
subscriber gain represents a 48 percent increase in new net subscribers
compared to the third quarter of 2004, when XM added more than 415,000 new net
subscribers.
"This continues to be a phenomenal year for XM Satellite Radio, with more
than 1.8 million new net subscribers since the beginning of 2005," said Hugh
Panero, President and CEO, XM Satellite Radio. "During the third quarter, we
increased our lead as the number-one satellite radio company by topping five
million subscribers, and we expect to surpass six million by the end of the
year. This was our best third quarter ever, and with a tremendous line-up of
new products and programming choices, we expect the fourth quarter to be the most successful in the history of our company."
Panero recently celebrated XM's five-million-subscriber milestone by
opening the NASDAQ Stock Market in New York with Grammy-winning musical artist
and actor Chris "Ludacris" Bridges, who will host an exclusive XM show
starting in January. During the quarter General Motors and XM also celebrated
the three millionth GM vehicle with factory-installed XM Satellite Radio.
XM's exclusive satellite radio coverage of Major League Baseball shifts
into high gear this week with live play-by-play coverage of post-season
action, starting Tuesday with the San Diego Padres vs. the St. Louis Cardinals
at 1pm ET (XM Channel 183), the Boston Red Sox vs. the Chicago White Sox at
4pm ET (XM Channels 176 and 190) and the New York Yankees vs. the Los Angeles
Angels at 7pm ET (XM Channels 177 and 190).
Today also marks the debut of "Take Five," the XM talk radio channel aimed
at women, featuring satellite radio broadcasts of high-profile programs such
as "The Ellen DeGeneres Show." This Wednesday, XM will begin carrying National
Hockey League games as part of a ten-year agreement with the NHL.
About XM Satellite Radio
XM (Nasdaq: XMSR) is America's number one satellite radio service with
more than 5 million subscribers. Broadcasting live daily from studios in
Washington, DC, New York City and Nashville at the Country Music Hall of Fame,
XM's 2005 lineup includes more than 150 digital channels of choice from coast
to coast: the most commercial-free music channels, plus premier sports, talk,
comedy, children's and entertainment programming; and 21 channels of the most
advanced traffic and weather information. XM was named Best Radio Service at
the 2004 Billboard Digital Entertainment Awards.
XM, the leader in satellite-delivered entertainment and data services for
the automobile market through partnerships with General Motors, Honda, Toyota,
Hyundai, Nissan, Porsche, and Volkswagen/Audi, is available in more than 120
different vehicle models for 2005. XM's industry-leading products are
available at consumer electronics retailers nationwide. For more information
about XM hardware, programming and partnerships, please visit
http://www.xmradio.com .
Factors that could cause actual results to differ materially from those in
the forward-looking statements in this press release include demand for XM
Satellite Radio's service, the Company's dependence on technology and third
party vendors, its potential need for additional financing, as well as other
risks described in XM Satellite Radio Holdings Inc.'s Form 8-K filed with the
Securities and Exchange Commission on 8-5-05. Copies of the filing are
available upon request from XM Radio's Investor Relations Department.
SOURCE XM Satellite Radio