WASHINGTON -- XM Satellite Radio Holdings Inc. lost $161.9 million in the second quarter compared with a loss of $117.2 million a year ago, reported Reuters last week. Revenue rose to $18.3 million from $3.8 million.
XM, which is still in its startup phase, said the second-quarter loss was in line with its expectations. The Washington satellite radio provider said it expects to reach break-even cash flow in late 2004. The service added 209,178 subscribers during the quarter, for a total of 692,253. Subscribers pay $9.99 a month for access to 100 radio channels.