XM has gained 17 percent more customers since July 2007 it said a...
XM has gained 17 percent more customers since July 2007 it said as it announced preliminary Q2 results. XM’s independent accountants have not finished reviewing the companies’ Q2 financial data and XM still is completing its normal quarter-end closing…
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process, it said. XM now serves nearly 9.7 million subscribers, having added 322,000 new net subscribers during Q2, it said. XM had 857,000 gross auto additions and 224,000 gross retail additions, it said. Q2 churn improved to 1.67 percent compared to 1.84 percent a year ago and 1.77 for Q1, XM said. The conversion rate for promotional subscribers is expected to be between 52.7 percent and 53.4 percent, XM said. Subscription revenue for Q2 is pegged at $283 million to $288 million. XM expects to file a 10-Q report with the Securities and Exchange Commission for the second quarter in the next few days, it said.