October 30, 2007

Satellite Radio Subscribers: Running the numbers

Tuesday, October 30, 2007 at 2:35 PM

This might very well be the last quarter that we will be comparing XM and Sirius subscriber numbers, as two separate companies at least. So, let's get to it before time runs out and we're forced to hold hands and sing Kumbaya together.

And because pictures are much easier to look at than a matrix of mind-numbing digits, here's some charts to help us along.

Total Satellite Radio Subscribers

  • Sirius Satellite Radio: 7,667,476
  • XM Satellite Radio: 8,570,000

satellite-radio-subscribers.gif
Here we see the total cumulative subscribers starting from the fourth quarter of 2001. Now the interesting thing to note is that in the past two quarters, Sirius has been consistently three-quarters behind XM.

In other words, Sirius is currently where XM was in 4Q06 (~7.6M). In the 2nd-quarter of this year, Sirius was where XM was in 3Q06 (~7.1M).

Remember, there's a seasonality in retail which historically sees a spike in Q4. So this may not be a fair comparison. The killer question is whether either company has the momentum to have a stellar holiday season this year to make a difference. So far, the signs have not been encouraging.


Quarterly Net Subscribers

  • Sirius Satellite Radio: 524,938
  • XM Satellite Radio: 315,000

Quarterly Net Satellite Radio Subscribers
Here there can be no question that Sirius is out pacing XM. For nearly two years, Sirius has had more net subscriber additions than XM has. The most notable being in 4Q06 where Sirius simply destroyed XM in net additions.


Quarterly Gross Subscribers

  • Sirius Satellite Radio: 999,284
  • XM Satellite Radio: 952,000

Quarterly Gross Satellite Radio Subscribers
Gross subscriber additions shows something different. Here we see near parity when it comes to quarterly subscriber growth.

Since gross subscribers scrubs out the effects of churn, and evens out other factors like including together promotional/non-promotional subscribers, here we can gather a better sense of market penetration. So I really do like to look at gross subscribers over net subscribers when looking at how both are performing.

Again, we see that in 4Q06, there was a tipping point where Sirius now leads XM consistently in gross subscriber additions.

October 11, 2007

Sirius Canada surpases 500,000 subscribers

Thursday, October 11, 2007 at 10:15 AM

Sirius CanadaSirius Canada has surpassed more than 500,000 paying subscribers, adding more than 200,000 since February. The company was the first to surpass the key 500,000 subscriber milestone in the 22 months since the category was first introduced.

Sirius Canada captured 82% of retail sales year-to-date according to figures released by The NPD Group. During the Father’s Day buying period Sirius bagged an incredible 88% market share of satellite radios sold.

The company’s automotive partners also, by their claim, make up nearly 60% of vehicle sales in Canada and since January 2007 have built more than 100,000 vehicles with factory-installed Sirius.

[Press Release]

October 2007 (2)