SiriusXM Sees Revenue per Subscriber Decline as Mix Shifts to Streaming-Only
SIRISirius XM(SIRI) PYMNTS·2024-02-02 06:04

The rise in demand for music streaming comes with its drawbacks for broadcasting companies that are used to offering a more diversified suite of listening options, as SiriusXM noted, following the launch of its new streaming app. The radio company shared in its fourth-quarter and full-year 2023 earnings report Thursday (Feb. 1) that revenue declined slightly from the year before, with average revenue per user (ARPU) falling slightly. “The challenge to 2024 revenue comes from roughly level subscriber numbers ...