SiriusXM’s 2019 saw them expand even further beyond the car and gain record numbers in the last quarter of the year.
SiriusXM are the streaming service of choice for many US drivers, offering satellite radio on-demand in cars. 2019 saw SiriusXM take their beloved radio offerings outside of the car to stand side by side the massive music streamers in America.
Taking Pandora under their wing last February, SiriusXM aren’t only a leading radio streaming service but also control one of the biggest music streaming services in the US. With big and bold moves in 2019, SiriusXM have bolstered their position in the thriving digital music market.
In their ‘Subscriber Guidance’ for investors they revealed that they ended the year with 34.9 million paying subscribers. The record high for them came after their tenth consecutive year of adding more than a million paid users. They revealed a massive $8.1 billion in revenues for the year.
SiriusXM CEO, Jim Meyer said: “Last year was a milestone for SiriusXM. Not only did we achieve our tenth consecutive year of million-plus self pay net additions, but we also completed our acquisition of Pandora Media and made significant investments in our business, all while returning more than $2 billion to our stockholders. And our new 2020 guidance points to what should be another excellent year of growth for SiriusXM.”
Looking forward to 2020, they have partnered with Marvel to release totally exclusive content from the massive comic book franchise on Pandora and SiriusXM. They have also teamed up with platinum selling hip-hop artist Drake for exclusive content.
They will release their fourth quarter and 2019 earnings call date on February 4th 2020.