XM Satellite Radio Inc. on Monday said its subscriber base has exceeded one million. The company would not reveal an exact figure.
It took the Washington D.C. company less than two years since its Nov. 2001 national debut to reach this milestone.
XM said it hopes to have 1.2 million subscribers by the end of the year. The company also said it will reach cash-flow breakeven next year, but would not reveal a specific date.
XM charges subscribers $9.99 a month for its satellite radio service. It's only competitor, Sirius Satellite Radio Inc., charges $12.95 a month.
As of September, Sirius was working to reach its goal of 300,000 subscribers by year-end. As of June 30, Sirius had 105,186 subscribers.
Sirius is offered on Chrysler group, Mercedes, Ford Motor Co. and BMW vehicles.
XM is offered on General Motors, Honda, Acura, Scion, Audi, Infiniti, Nissan, Audi, Volkswagen and Isuzu vehicles.