XM Presentation at CIBC Conference
May 9, 2006
Today Sirius and XM presented at the CIBC Media Internet & Telecom Conferece. This piece features the XM Satellite Radio presentation.
Readers can listen to the web cast
HEREHIGHLIGHTS- 72% YOY Subscriber Growth
- 103% YOY Revenue Growth
- Increased Subscription Margin to 69.9% in Q1
- Increased ARPU to $10.07 in Q1
- Has achieved 2 years of Positive Operating Cash Flow in 2005 (Q2 an Q4)
XM noted that the "sweetspot" for retail sales seems to be in the $49.00 price range. For investors this is welcomed news, because it helps establish a baseline on hardware costs.
XM noted that the 50% conversion rate at OEM is where they see things sitting for the time being.
Overall, the presentation was good, and seemed to reiterate the business model that XM is employing.
5/09/2006 12:33:00 PM
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