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)