The company, led by CEO Jennifer Witz, lost Pandora subscribers in the final quarter of 2022.
At its Pandora streaming business, the company lost 52,000 net self-pay subscribers in the final quarter of 2022, compared with a year-ago loss of 128,000. The company ended December with around 6.2 million total self-pay customers at Pandora.
Monthly active users at Pandora of 47.6 million were down from 52.3 million in the prior-year period. Total ad-supported listener hours hit 10.9 billion, down from 11.5 billion, but average monthly listening hours per ad-supported user rose 4 percent to 20.6. “2022 was a strong year for SiriusXM, as we continued to focus on bringing consumers the best in audio
business model and growing contribution from streaming, which helped us deliver 348,000 net new self-pay subscribers. In 2023, we expect SiriusXM to deliver strong operating performance and generate significant cash, even as we face a challenging economic environment and continue to make material investments in our technology infrastructure.”
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