http://www.breitbart.com/news/2006/04/27/D8H8B18O7.html
While this news may be portrayed badly, it actually isn't. 72% growth since last year is positive. Continuing decrease in cost to acquire customers. The only negative is that this is the first quarter that they added fewer new subscribers then the quarter before which demonstrates a slowing of growth.
Because of that, spending had increased expecting a wider acceptance rate target and thus, they lost more per share this year then last year. 60 cents vs. 58 cents.
Quote:
| XM Satellite Radio Holdings Inc. reported a wider loss for its first quarter Thursday while revenues more than doubled as the company continued its rush to sign up subscribers. XM, the larger of the nation's two satellite radio providers, lost $151.4 million, or 60 cents per share, in the three months ended March 31 versus a loss of $122.1 million, or 58 cents per share, in the comparable period a year ago. Revenues climbed to $208 million from $102.6 million as the company's subscriber count swelled to 6.5 million, up 72 percent from 3.8 million at the same time a year ago |
While this news may be portrayed badly, it actually isn't. 72% growth since last year is positive. Continuing decrease in cost to acquire customers. The only negative is that this is the first quarter that they added fewer new subscribers then the quarter before which demonstrates a slowing of growth.
Because of that, spending had increased expecting a wider acceptance rate target and thus, they lost more per share this year then last year. 60 cents vs. 58 cents.
