SiriusXM posts Q1 2020 profit of $293m, but loses 143,000 net subscribers

‘In the face of the economy hitting the brakes hard in March, SiriusXM’s first quarter results were very strong.’
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SiriusXM’s annual revenues were up 35% in 2019, but Pandora’s Monthly Active Users fell by nearly 6m

Pandora had 63.5m MAUs at the end of 2019
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Alex Luke leaves global Amazon Music role to join SiriusXM as SVP of Digital Content

“Alex is an expert in shaping the digital content experience for listeners, and we are excited to have him join us.”
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SiriusXM Adds 210K Subs, Pandora Adds Just 33K In Q3

SiriusXM added 210,000 subscribers to its satellite radio service last quarter, while it’s Pandora streaming music service added just 33,000 paid subscribers. By contrast, Spotify added 5 million paid users in the same three months. Shares of Sirius XM declined 0.5% in premarket trading Thursday, on missed profit expectations. THIRD…