SiriusXM Swings To Q4 Loss On $976M Pandora Charge; Sales Up, Adds Satellite Radio Subs
SiriusXM swung to a $677 million net loss last quarter from a $243 million profit the year before on a one-time, noncash charge of $976 million at Pandora. The anticipated hit was based on Pandora's royalty cost structure.
Quarterly revenue rose 6% to $2.19 billion, beating Wall Street expectations. The shares were up…
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