During the quarter, SiriusXM added 290,000 net new self-pay
subscribers. to end with more than 29.3 million self-pay subscribers.
At Pandora, advertising revenue reached a second-quarter record of $306 million, growing 13% year-over-year.
Pandora added 64,000 net new self-pay subscribers to end with over 6.2 million self-pay subscribers. Total Pandora subscribers grew 16% to 7 million.
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Outlook
For the full year, the radio broadcasting company expects self-pay
net subscriber additions approaching 1 million and Pro forma revenue of about $7.8
billion. Adjusted EBITDA during this period is forecast to be approximately
$2.35 billion.
SIRI stock has gained 3% so far this year, while it has
declined 13% in the trailing 52 weeks.