- Sep 9, 2003
- 12,454
- 2,232
XM Grows 1Q Revenue
XM announced d first quarter revenue of $43 million, up from $13.1 million reported in first quarter 2003 and 30 percent from fourth quarter 2003 revenue of $33.5 million. Fixed expenses were $37.1 million for the three-month period, which XM said marks the first time quarterly revenues exceeded fixed expenses.
Cost Per Gross Addition or CPGA was cut by about $50 to reach a level of $106. This is a measure of total acqusition costs and includes more costs than the SAC figure used in the satellite TV industry.
Despite the good news EBITDA losses went to $78 million for the quarter up from 63.3 million the year and the net loss rose from $126.3 million to $170.1 million.
XM added 321,675 net new subs for the quarter up from 135,916 a year ago.
XM announced d first quarter revenue of $43 million, up from $13.1 million reported in first quarter 2003 and 30 percent from fourth quarter 2003 revenue of $33.5 million. Fixed expenses were $37.1 million for the three-month period, which XM said marks the first time quarterly revenues exceeded fixed expenses.
Cost Per Gross Addition or CPGA was cut by about $50 to reach a level of $106. This is a measure of total acqusition costs and includes more costs than the SAC figure used in the satellite TV industry.
Despite the good news EBITDA losses went to $78 million for the quarter up from 63.3 million the year and the net loss rose from $126.3 million to $170.1 million.
XM added 321,675 net new subs for the quarter up from 135,916 a year ago.
