You will be redirected back to your article in seconds

XM posts Q1 net loss

Biz Brief

XM Satellite Radio reported a net loss of $170.1 million in the first quarter, up 14% from the previous year excluding a one-time cash charge.

Company attributed the widened loss to the costs of its addition of 321,675 net subscribers in the quarter, bringing its total to 1,681,903. Revenues also grew as a result, more than doubling from the same quarter a year ago to $43 million.

XM retained its substantial lead in the sat radio market over competitor Sirius during the quarter, claiming 83% of all satellite radio subscribers.

More Scene

  • Tiffany Haddish

    MTV Movie and TV Awards: 10 Standout Moments

    XM Satellite Radio reported a net loss of $170.1 million in the first quarter, up 14% from the previous year excluding a one-time cash charge. Company attributed the widened loss to the costs of its addition of 321,675 net subscribers in the quarter, bringing its total to 1,681,903. Revenues also grew as a result, more […]

  • Michael B. Jordan

    'Black Panther,' 'Stranger Things' Reign at 2018 MTV Movie and TV Awards (Full List)

    XM Satellite Radio reported a net loss of $170.1 million in the first quarter, up 14% from the previous year excluding a one-time cash charge. Company attributed the widened loss to the costs of its addition of 321,675 net subscribers in the quarter, bringing its total to 1,681,903. Revenues also grew as a result, more […]

  • Brandon Flynn, Timothy Granaderos, Alisha Boe,

    Alisha Boe Says Brock Turner Case Was Her 'Bible' for '13 Reasons Why' Season 2

    XM Satellite Radio reported a net loss of $170.1 million in the first quarter, up 14% from the previous year excluding a one-time cash charge. Company attributed the widened loss to the costs of its addition of 321,675 net subscribers in the quarter, bringing its total to 1,681,903. Revenues also grew as a result, more […]

  • Yara ShahidiMTV Movie & TV Awards,

    Yara Shahidi, Noah Schnapp, More Talk the Dangers of Social Media at MTV Awards

    XM Satellite Radio reported a net loss of $170.1 million in the first quarter, up 14% from the previous year excluding a one-time cash charge. Company attributed the widened loss to the costs of its addition of 321,675 net subscribers in the quarter, bringing its total to 1,681,903. Revenues also grew as a result, more […]

  • A Night in the Writers' Room

    Parity Takes Center Stage at Variety's 'A Night in the Writers' Room' Drama Panel

    XM Satellite Radio reported a net loss of $170.1 million in the first quarter, up 14% from the previous year excluding a one-time cash charge. Company attributed the widened loss to the costs of its addition of 321,675 net subscribers in the quarter, bringing its total to 1,681,903. Revenues also grew as a result, more […]

  • American Black Film Festival opening night

    Trevor Jackson Was Originally Told He Was 'Too Young' to Star in 'Superfly' Remake

    XM Satellite Radio reported a net loss of $170.1 million in the first quarter, up 14% from the previous year excluding a one-time cash charge. Company attributed the widened loss to the costs of its addition of 321,675 net subscribers in the quarter, bringing its total to 1,681,903. Revenues also grew as a result, more […]

More From Our Brands

Access exclusive content