Pandora, SiriusXM earnings
RADIO, RADIO: A pair of nonterrestrial music-delivery systems issued quarterly earnings reports yesterday. Pandora, with its 75m active users, 250m registered users and a 9% share of total U.S. radio listening, said that its fiscal Q1 loss narrowed thanks to spikes in ad and subscription revenue that counterbalanced royalty costs, which increased by 26%. The loss was $28.9 million, or 14 cents a share, compared with a prior-year loss of $38.7 million, or 22 cents a share, while the adjusted loss narrowed to 13 cents from 18 cents. Revenue climbed 69% to $194.3 million. The company said the monthly cost of the Pandora One premium plan will increase from $4 to $5 for new subscribers, starting in May… SiriusXM’s Q1 earnings met expectations, as revenue increased by 11% to $998m, while 267k subscribers were added, bringing its total paying-user base to 26m. The company said it expects a net increase in subscribers of 1.25m by the end of the year. (4/25a)
VMAs BEAMING BACK
TO THE BIG APPLE Getting back to where they once belonged (4/24a)
THE COUNT: ALL THE DESERT'S A STAGE
Jon Wayne is rolling over in his grave. (4/24a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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A CHORUS OF PRAISE: IVORS 2024 NOMS
