From Music Business Worldwide · · 1m 30s
Pandora Users Drop as SiriusXM Revenue Rises
Pandora’s monthly users fell 2.75m YoY while SiriusXM’s revenue share jumped to $726m.
In brief
Pandora’s monthly users fell 2.75m YoY while SiriusXM’s revenue share jumped to $726m. Pandora’s monthly active users dropped 2.75 million year-over-year in Q3 2026, as SiriusXM’s revenue share and royalty costs rose to $726 million. Originally reported by Music Business Worldwide.
Pandora user base shrinks
Pandora’s monthly active user base fell 2.75 million year-over-year in Q3 2026.
Q3 user count drops 6.6%
The streaming service had 38.81 million monthly active users at the end of September, down 6.6% from 41.56 million a year earlier.
Self-pay subscribers fall
Self-pay subscribers across Pandora Plus and Pandora Premium totaled 5.51 million at the end of Q3, down 177,000 YoY.
Ad-supported hours drop 10%
Ad-supported listener hours on Pandora dropped 10% YoY to 2.25 billion in the quarter.
SiriusXM revenue dips
SiriusXM’s consolidated revenues slipped from USD $2.159 billion in Q3 2025 to $2.153 billion.
Equipment revenue falls 16%
The company blamed the dip mainly on a 16% YoY fall in equipment revenue, which it attributed to rising memory component costs.
Net income rises 7%
SiriusXM’s net income for the quarter rose 7% YoY to $317 million.
Revenue share jumps to $726m
Its revenue share and royalty costs increased by $5 million YoY to $726 million.
Pandora and Off-platform revenue falls
Revenue share and royalties at the Pandora and Off-platform segment fell 1% YoY to $334 million.
Pandora subscription prices rise
Pandora raised its subscription prices, with Premium now costing $11.99 a month, up from $10.99.
What it means
Pandora’s monthly active users dropped 2.75 million year-over-year in Q3 2026, as SiriusXM’s revenue share and royalty costs rose to $726 million.
