{"id":99559,"date":"2021-01-18T16:10:44","date_gmt":"2021-01-18T16:10:44","guid":{"rendered":"https:\/\/www.musicbusinessworldwide.com\/?post_type=companies&p=99559"},"modified":"2021-01-18T17:28:17","modified_gmt":"2021-01-18T17:28:17","slug":"siriusxm","status":"publish","type":"companies","link":"https:\/\/www.musicbusinessworldwide.com\/companies\/siriusxm\/","title":{"rendered":"SiriusXM"},"content":{"rendered":"

Los Angeles-headquartered Sirius XM Holdings is a US audio entertainment and broadcasting company created in 2008 following the merger of Sirius Satellite Radio and XM Satellite Radio.<\/p>\n

SiriusXM and subsidiary Pandora’s properties reach more than 150 million listeners across all categories of digital audio \u2013 music, sports, talk, and podcasts.<\/p>\n

SiriusXM has previously acquired companies such as Stitcher and Simplecast, alongside ad tech company AdsWizz, to improve its podcast hosting, production, distribution, analytics and monetization capabilities.<\/p>\n

SiriusXM, through Sirius XM Canada Holdings, Inc., also offers satellite radio and audio entertainment in Canada.<\/p>\n

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SiriusXM Financial results<\/h6>\n

SiriusXM Holdings generated revenue of $2.025 billion in Q3 2020, up 1% year-over-year, according to the company’s\u00a0Q3 2020 operating and financial results<\/a> (for the thee months to end of October).<\/p>\n

Some $1.46bn of that revenue was generated from SiriusXM subscriber revenue, while Pandora subscriber revenue contributed $132 million to this total (see below).<\/p>\n

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The company’s net income increased 11% to $272 million in Q3 2020 from, $246m during the same period the prior year.<\/p>\n

SiriusXM’s net income for the 9 months to end of October 2020 was $808 million, up\u00a017% on the same nine-month period in 2019.<\/p>\n

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Subscriber numbers<\/h6>\n

SiriusXM reported to have 30.48 million self pay subscribers as of September 30 2020, up 3% year-over-year, while subsidiary Pandora was reported to have had 58.58m Monthly Active Users as of September 30, 2020 a 7% decline year-over-year.<\/p>\n

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