XM Satellite Radio Posts First Quarter 2007 Results

XM Satellite Radio reported that revenue for the first quarter of 2007 increased 27 percent year-over-year to $264 million, compared to $208 million in the 2006 first quarter.

XM’s 2007 first quarter net loss narrowed to $122 million, representing an 18 percent improvement compared to the 2006 first quarter net loss of $149 million.

XM ended the 2007 first quarter with more than 7.9 million subscribers compared to 6.5 million subscribers in the prior year period. Additionally, XM announced that it recently surpassed 8 million subscribers.

Author: FutureMusic

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