XM Satellite Radio Holdings Inc. (XMSR) announced that it added 322,000 new net subscribers in the second quarter of 2008 for a total of 9,653,000 subscribers, up 17% in subscribers since the end of the second quarter of 2007. The company said that quarterly churn improved to 1.67%, compared to second quarter 2007 churn of 1.84%.
XM Satellite stated that it expects second quarter adjusted operating loss to be in the range of $32 million - $38 million, excluding the impact of any FCC settlement. The company expects subscription revenue for second quarter to be in the range of $283 million - $288 million.
Conversion rate for promotional subscribers is expected to be in the range of 52.7% - 53.4%.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.