New York - Apr 14, 2010 - Sirius XM Radio has added 171,441 Net subscribers in the first quarter of 2010, compared to a net subscriber decline of 404,422 in the first quarter of 2009. The company ended the first quarter with 18,944,199 subscribers, an increase of 344,765 over the year ago quarter.
In further highlighting its first quarter 2010 subscriber growth, Sirius XM also announced that:
Gross additions increased by 29 percent and deactivations decreased by 11 percent compared to the first quarter of 2009.
Self-pay churn improved to 2 percent for the first quarter of 2010 from 2.2 percent for the first quarter of 2009.
The conversion rate from a trial subscription included in the sale of a vehicle to a self-pay subscription improved in the first quarter of 2010 to 45.2 percent, up from 44.6 percent for the first quarter of 2009.
Sirius XM plans to release first quarter 2010 financial results in May 2010.