US satellite-radio firm SiriusXM has issued an update for its investors trumpeting its year-end figures for 2019. The company says it ended last year with 34.9 million total paid subscribers – a record – including around 30 million ‘self-pay’ customers. SiriusXM added just over one million of the latter in the final quarter of 2019, and is feeling suitably bullish about the year ahead too.
“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,” said CEO Jim Meyer.
SiriusXM hasn’t given any indication of Pandora’s performance in the final quarter of 2019 though: for that, we’ll have to wait for the company’s official financial results on 4 February.
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