Revenue, ARPU up at XM Canada

TORONTO – XM Canada reported a 53% increase in quarterly revenue to $12.5 million due to subscriber growth and an increase in average monthly subscription revenue per subscriber (ARPU). ARPU grew 6% to $11.94 for the three months of fiscal 2009 ended November 30, 2008. The company also generated positive cash of $0.5 million, the press release said. The satellite radio provider isn’t in the black, but loss improved by $7.2 million to $3.3 million in the quarter, up from $10.5 million in the first quarter of 2008. "Over the past year, we have made prudent strategic decisions to reduce costs and...