XM Satellite Radio posted a net loss of $120 million in the second quarter of the year. That compares with a net loss of $176 million in the same period a year ago.
The latest number was better than many Wall Street analysts predicted.
Revenue rose 15% to $318 million in the quarter.
The company added 322,000 subscribers in the second quarter, a 3% increase compared to Q1. The satcaster now has has 9,653,000 subscribers; its churn rate fell from 1.84% to 1.67% in the quarter.
The company called its second-quarter results preliminary and announced an offering of senior notes associated with its pending merger with Sirius.
