Audio entertainment giant SiriusXM, the home of Howard Stern, on Thursday said it added self-pay subscribers in its satellite radio and Pandora businesses for the second quarter, the first one that was fully affected by the coronavirus pandemic.
The company, controlled by John Malone's Liberty Media, said its satellite radio subscribers fell when including promotional subs, just like had been the case in the first quarter.
In the year-ago period, it had added a total of 174,000 net users. In the latest period, SiriusXM added 264,000 self-pay customers, but lost 768,000 promotional subs to end June with 30.3 million self-pay and 34.3 million total users, down 516,000. "Paid promotional subscribers decreased due to declines in shipments from