XM has gained 17 percent more subscribers since July 2007, it sai...
XM has gained 17 percent more subscribers since July 2007, it said in announcing preliminary Q2 results. 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…
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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.