Friday, January 05, 2007

XM Adds 442,000 Subscribers Reaches Positive Cash Flow From Operations

January 5, 2006

XM Adds Nearly 1.7 Million New Subscribers in 2006 for Total of More Than 7.6 Million Subscribers, Achieves Positive Cash Flow From Operations During Fourth Quarter 2006

Friday January 5, 8:30 am ET

WASHINGTON, Jan. 5 /PRNewswire-FirstCall/ -- XM (Nasdaq: XMSR - News), the nation's leading satellite radio company, today announced that the company added more than 1.695 million new subscribers in 2006, ending the year with more than 7.625 million subscribers. Based on preliminary results, XM achieved positive cash flow from operations during the fourth quarter of 2006.

XM added more than 442,000 new net subscribers during the fourth quarter of 2006.
"XM completed another year of significant subscriber growth, despite retail softness, and did so with continued cost controls, achieving positive cash flow from operations during the fourth quarter," said Hugh Panero, Chief Executive Officer, XM Satellite Radio.