XM Satellite Radio, which is including advertising revenue as part of its business model, announced that it ended Q2 with 136,718 subscribers and continued to show quarter-to-quarter subscriber
growth, adding 60,476 subscribers. That’s a 79% increase over Q1 2002. For the three months ended June 30, 2002, XM reported consolidated revenue of $3.8 million, and a net loss of $79.3 million. For
Q2 last year XM had no revenue, but lost only $36 million. This quarter's increased loss “reflects the Company's transition from building out its infrastructure to commercial operations, including
sales and marketing activities.”
