How SiriusXM Is Beating the Subscriber Paradox & Scoring a Better Return Than Streaming Services

  • 📰 billboard
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Yet satellite radio -- launched before iTunes revolutionized how music is purchased -- continues to thrive as streaming services flourish. SiriusXM's 2019 earnings report, which dropped Tuesday, shows that the satellite radio service added 1 million subscribers and grossed $7.8 billion of revenue over the year.

The highlight of that vital subscriber growth is SiriusXM finished 2019 with a shade under 30 million self-pay subscribers in the United States, marking a 3.5% gain to 1.06 million subscribers, plus another 4.9 million not paid by the listener .

SiriusXM's average revenue per user grew for both companies in 2019. From $13.34 to $13.82 at SiriusXM, which comes from increases in the U. S. Music Royalty Fee , increases in self-pay revenue and higher advertising revenue. Pandora's ARPU rose $6.53 to $6.61. For context, Spotify's 2019 ARPU was $5.12 and fell 5% year-over-year.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

You’re done when Stern retires

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 112. in BUSİNESS

Business Business Latest News, Business Business Headlines