Thursday, October 27, 2005

XM SATELLITE RADIO HOLDINGS INC. ANNOUNCES THIRD QUARTER 2005 RESULTS AND REAFFIRMS 6 MILLION SUBSCRIBER GUIDANCE

Revenues up 134% to $153 million in third quarter, compared to prior year period;Subscribers double to 5,034,642 from prior year; Expands lead with 617,152 net additionsGM and Honda to produce more than 2 million 2006 XM-equipped vehicles

Washington D.C., October 27, 2005 -- XM Satellite Radio Holdings Inc. (NASDAQ: XMSR) today reported financial and operating results for the third quarter ended September 30, 2005. XM ended the quarter with 5,034,642 subscribers, doubling the 2,516,023 subscribers reported last year for the third quarter. The growth was driven by third quarter net subscriber additions of 617,152, a 48 percent increase over the 415,671 net subscribers added in the third quarter 2004. Given its strong performance in the first three quarters, XM reaffirms its guidance of exceeding 6 million subscribers by the end of 2005.

XM's net loss for the third quarter 2005 was ($131.9) million, as compared to ($118.0) million in the third quarter 2004. XM reported an EBITDA loss of ($73.8) million for the third quarter 2005 compared to a third quarter 2004 loss of ($62.9) million.

Record Revenue from Cost-Effective Subscriber Growth

For the quarter, XM reported revenue of $153 million, an increase of 134 percent over the $65 million reported in the third quarter 2004. XM's third quarter subscriber growth was driven by strong automotive and retail distribution performance with a range of full-featured products. Subscriber Acquisition Costs (SAC) in the third quarter 2005 were $53, a decrease from the $57 in the third quarter 2004. Cost Per Gross Addition (CPGA) in the third quarters of both 2005 and 2004 was $89. XM products are well stocked for the holiday season and XM expects to accelerate its subscriber and revenue growth through the fourth quarter.

View XM Satellite Radio's Third Quarter 2005 Financial Earnings Highlights

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