Jim Meyer emphasized this point during Thursday's earnings call by saying "business models matter, and our business model is very resilient."Satellite radio and streaming subscriptions survived a 32.7% decline in Q2 G.D.P., a record spike in unemployment and a 48% decline in April auto sales (and smaller declines in May and June).
SiriusXM's self-pay subscribers rose by 264,000 to 30.3 million; the number of paid, promotional subscriptions -- discounted rate, but effective at acquiring new customers -- decreased 780,000 from 4.7 million to 3.94 million.
Pandora's subscription business was stable with 41,000 additional subscribers, and a $3 million drop in revenue. But the other side of SiriusXM's business buckled along with the.
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