XM Canada cracks 400K subs in "solid" Q2

TORONTO – XM Canada saw its second quarter revenue grow by 9% year-over-year, marking the satellite radio company’s 18th consecutive quarter of revenue growth.For the quarter ended February 28, 2010, revenue reached $13.9 million, up from $12.8 million last year, due in large part to a growing subscriber base. Self-paying subscribers were up 15% to 402,900 from 351,200 in 2009. (XM Canada recognizes only those customers that are paying for its service as self-paying subscribers). "It has been another solid quarter for XM Canada", said president and CEO Michael Moskowitz, in a statement. "Our subscriber base has continued to grow while...