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XM at 76,000+ Subscribers

XM at 76,000+ Subscribers

XM Satellite Radio says it has exceeded most Wall Street analyst expectations for first quarter subscriber growth, ending with more than 76,000 total subscribers as of March 31. XM added more than 48,000 subscribers in the first quarter and remains on track to end the year with 350,000 subscribers, said company president/CEO Hugh Panero.
He noted that the majority of XM subscriber growth has come from consumer retail distribution, however he also expects significant growth from the automotive sector in the second half of the year, when XM will become available in a variety of new car models.