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XM Satewllite Radio Has Bigger Net Loss Than Last Year

(CelebrityAccess MediaWire) —

XM Satellite Radio Holdings Inc. reported financial and operating results for the third quarter ended September 30 with 5,034,642 subscribers, doubling the 2,516,023 subscribers reported last year for the third quarter. The growth was driven by third quarter net subscriber additions of 617,152, a 48 percent increase over the 415,671 net subscribers added in the third quarter 2004. Given its strong performance in the first three quarters, XM reaffirms its guidance of exceeding 6 million subscribers by the end of the year.

XM's net loss for the third quarter 2005 was ($131.9) million, as compared to ($118.0) million in the third quarter 2004. XM reported an EBITDA loss of ($73.8) million for the third quarter 2005 compared to a third quarter 2004 loss of ($62.9) million. –Bob Grossweiner and Jane Cohen