The firm, led by CEO Jim Meyer, lost 143,000 overall satellite radio subs in the first quarter due to fewer paid promotional users and withdraws its guidance due to the virus crisis.
Audio entertainment giant SiriusXM, the home of Howard Stern, on Tuesday said it added self-pay subscribers in its satellite radio and Pandora businesses for the first quarter, the first one affected by the coronavirus pandemic.
But the company, controlled by John Malone's Liberty Media, withdrew its 2020 guidance amid the pandemic and said its satellite radio subscribers fell when including promotional subs. "In the face of the economy hitting the brakes hard in March, SiriusXM's first-quarter results were very strong," CEO Jim Meyer said. "Auto sales,
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