XM Canada grows by 86 percent
Thursday, December 6, 2007 at 10:49 AM
Tags: Subscribers, XM Canada
XM 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!
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But didn't they change to Sirius lying/cheating/bogus sub counting method a couple of quarters ago?
Posted by: Stack Pointer | December 6, 2007 11:22 AM
Why is it Ryan that whenever you do these Canada updates you NEVER compare both companies results side by side.
I mean, is it just me or is that the only interesting part of this Canada stuff?
Just wondering =)
Posted by: AJ | December 6, 2007 11:26 AM
what exactly IS interesting about canada
Posted by: teeheejimmy | December 6, 2007 11:39 AM
Great news.. too bad Sirius Canada didn't play fair in the first place so the counts weren't fudged, but glad to see XM is doing well.
Posted by: Joel | December 6, 2007 12:02 PM
AJ, Sirius canada is a private company, they can claim they have 1 million subs ... (by giving away 500,000 receivers for the day they count.) since they are private they do not need to report anything or even report it accuratly. They can count a receiver as a subscriber as long as they got evenue from it in the last year... if thats their company policy... again... we DO NO KNOW how they count anything nor do we see the finantials and the ARPU so back up the press releases.
Posted by: jeff | December 6, 2007 12:05 PM
Canada 360 always wins in the end LOL :P
Posted by: XM-244 | December 6, 2007 1:02 PM
Anyone know how many subscribers they'd need to start making money?
Posted by: Tim | December 6, 2007 1:05 PM
3 letters. NHL.
Im huge fan of the Verge (XM 52) by the way
Posted by: scott | December 6, 2007 1:38 PM
Stack Pointer-
The "lying/cheating/bogus sub counting method" still results in a paying subscriber, regardless of whether its from a car dealer or a consumer.
Posted by: Moneyman | December 6, 2007 3:18 PM
They ripped me off! I invented XM Canada...isn't that right, Fred?
Hoo Hoo!
Posted by: Sausage Biscuit | December 6, 2007 9:31 PM