NEW YORK (Reuters) - XM Satellite Radio Holdings Inc, which is planning to merge with rival Sirius Satellite Radio Inc, Thursday said its quarterly loss narrowed as it added more subscribers to its pay radio service.
The leading satellite radio provider, whose programming includes Oprah Winfrey and Major League Baseball, posted a fourth-quarter loss of $238.8 million, or 78 cents a share, compared with a loss of $263.2 million, or 90 cents a share, a year earlier.
The loss includes 25 cents a share in merger and settlement related charges, XM said.
Analysts had expected a loss of 63 cents a share, according to Reuters Estimates. It was not immediately clear if the figures were comparable.
Revenue rose 20 percent to $308 million.
XM said it added 1.13 million subscribers in the period, and 460,000 after accounting for disconnections. In all, XM ended with 9.03 million subscribers.
By REUTERS
The leading satellite radio provider, whose programming includes Oprah Winfrey and Major League Baseball, posted a fourth-quarter loss of $238.8 million, or 78 cents a share, compared with a loss of $263.2 million, or 90 cents a share, a year earlier.
The loss includes 25 cents a share in merger and settlement related charges, XM said.
Analysts had expected a loss of 63 cents a share, according to Reuters Estimates. It was not immediately clear if the figures were comparable.
Revenue rose 20 percent to $308 million.
XM said it added 1.13 million subscribers in the period, and 460,000 after accounting for disconnections. In all, XM ended with 9.03 million subscribers.
By REUTERS
