To be fair here, XM took it in the rear from OEM sales during Q4 -- while Sirius sucked slightly less at retail during Q4. The combination hurt XM.
Overall NET additions were 128K positive for Sirius and 45K negative for XM during Q4 (combined is the 83K NET additions reported by the company)
The NET additions were split with XM only adding 55K OEM subs during the quarter, while Sirius added 163K during the quarter. That is not normal for XM and indicative of the economy and the tanking of the auto industry. XM made their bed with the auto OEM's and paid for it during Q4.
At RETAIL, XM lost 99K while Sirius lost 32K during the quarter. Both sucked... it's just that Sirius sucked less.
That's what happens when you don't market the product, IMHO. Then combine in the merger process and rumors of bankruptcy and all those other things.
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