# Pandora Users Drop as SiriusXM Revenue Rises

> Pandora’s monthly users fell 2.75m YoY while SiriusXM’s revenue share jumped to $726m.
- Title: Pandora Users Drop as SiriusXM Revenue Rises | Shortify
- Summary: 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…
- Keywords: pandora, siriusxm, q3 2026, user base, revenue share, royalty costs, streaming service, monthly active users, siriusxm service, ad-supported listeners, self-pay subscribers, mlc lawsuit
- Source: Music Business Worldwide — https://musicbusinessworldwide.com/pandoras-monthly-user-base-fell-by-2-75m-yoy-in-q3-while-siriusxms-total-revenue-share-and-royalty-costs-rose-to-726m
- Published: 2026-11-02T14:26:10+00:00
- Read time: 1 min
- Topics: pandora, siriusxm, q3 2026, user base, revenue share, royalty costs, streaming service, monthly active users, siriusxm service, ad-supported listeners, self-pay subscribers, mlc lawsuit
## 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.
## Key takeaway

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.