WorldSpace Records A Net Loss; But Gains Subscribers In India

News Release: These are the highlights pertaining to India from WorldSpace second quarter results:
The numbers that I could cull out from the release is that WorldSpace has 27,933 subscribers in India compared to a total of 63,930 subs worldwide. It added 6,203 subsribers from India in the second quarter, more than half of the total addition of 11,427 subs worldwide during the same period. This shows that India is a key market for WorldSpace. The company had embarked on a huge marketing campaign in India during the quarter.
Said Noah Samara, Chairman and Chief Executive Officer of WorldSpace, “The second quarter of 2005 was a critical time for WorldSpace as we prepared for our initial public offering, ramped up our marketing campaign in India…We also continued to form strategic partnerships and add new customer-driven content to our satellite radio offerings, especially in India, an under-served and highly attractive market for our products.
KEY STATISTICS (For the quarter ending June 2005)
NET SUBSCRIBER ADDITIONS 11,427
India 6,203
Rest of World (ROW) 5,224
TOTAL SUBSCRIBERS 63,930 (As on June 30, 2005)
India 27,933
Rest of World (ROW) 35,997
ARPU $4.39
India $2.35
Rest of World $5.95
SAC $2.04
India $1.96
Rest of World 0.00
CPGA $103
India $175
Rest of World $39
ARPU: Average Revenue per Subscriber
SAC: Subscriber Acquisition Cost
CPGA:Cost Per Gross Addition

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