SiriusXM has unveiled its second-quarter financial results, and the company reported a slight downturn in overall revenue.
During April, May, and June, the company secured...
SiriusXM is coming off a quarter in which it reported adjusted EBITDA of $693 million, a figure that was down 7% year-over-year and attributed to diminished subscriber revenue.
"We can look to pursue a slightly broader set of audiences, because we’re selling to advertisers across audiences and they want to make sure they have younger audiences as well.”
Despite the subscriber loss, the company's quarterly revenue actually rose 1% to $2.16 billion, up from $2.14 billion compared to the same quarter last year.
"Far too many were eager to mock a staged wrestling angle, a promotional appearance, or a calculated branding move that they overlooked what was actually happening."