December 6, 2007

XM Canada grows by 86 percent

Thursday, December 6, 2007 at 10:49 AM

XM CanadaXM Canada has just announced that they've hit the 350,000 subscriber mark as of November 30th, 2007 (the end of their first quarter). That's a growth rate of 86% over the same period last year.

In order to align the definition of exactly what a subscriber is "more closely with industry norms," XM Canada's subscriber numbers now include rental cars installed with XM Canada's service for which they receive compensation.

When you remove rental cars, XM's subscriber base was 338,000 this quarter and 306,300 at the end of the fourth quarter of 2007. Still not bad, especially since almost all the growth is in self-paying subs.

[Press Release]
Thanks Roland!

December 2007 (1)
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