Domestic auto sales drive XM Canada's 2010 financial performance

TORONTO – A 13.5% increase in self-paying subscribers contributed to XM Canada’s “sound” financial performance for fiscal 2010.Self-paying subscribers totaled 432,200 as of August 31, 2010, up from 380,900 in the same period last year.Average monthly subscription revenue per subscriber (ARPU) was $11.28 and $11.74 for the fourth quarters of 2010 and 2009, respectively, and $11.21 and $11.88 for fiscal 2010 and 2009, respectively. The company said that ARPU declined in the fourth quarter of 2010 and in fiscal 2010 due primarily to an increase in automotive self-paying subscribers which have a lower ARPU, an increase in subscribers committing to...