Monday, February 26, 2007

XM Announces Q4 And 2006 Earnings

XM Satellite Radio Holdings Inc. Announces Fourth Quarter and Full Year 2006 Results
(Links to conference call replay and transcript below)

XM Adds Nearly 1.7 Million Net Subscribers in 2006
2006 Revenue Increases 67% to $933 Million
XM Achieves Positive Cash Flow from Operations in the Fourth Quarter of 2006
XM and Sirius to Combine in $13 Billion Merger of Equals
WASHINGTON, Feb. 26 /PRNewswire-FirstCall/

XM Satellite Radio Holdings Inc. (NASDAQ: XMSR) today reported financial and operating results for the fourth quarter and full year ended December 31, 2006. XM announced that 2006 revenue increased year over year by 67 percent to $933 million. XM added 1.696 million new net subscribers in 2006 for a total of 7.629 million subscribers, and XM achieved positive cash flow from operations in the fourth quarter.
"2006 was a pivotal year for XM," said Hugh Panero, XM CEO. "The automobile market is emerging as a key catalyst for satellite radio's future growth, and XM is well-positioned through its relationships with the nation's largest and fastest-growing automakers. Our financial metrics are heading in the right direction as marketing costs have declined and our revenues have increased."...read more: here

Link to replay of conference call: here

Link to transcript of conference call: here

2/26/2007 10:38:00 PM

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