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# SiriusXM Takes $1B Pandora Hit Due To ‘Royalty Cost Structure’
- URL: https://www.hypebot.com/siriusxm-takes-1b-pandora-hit-due-to-royalty-cost-structure/
- Published: 2021-01-19T14:25:00.000Z
- Updated: 2021-01-19T14:03:51.000Z
- Description: SiriusXM added 909,000 new subscribers last year, bringing their total monthly self-pay subscriber base to a record of 30.9 million at the end of 2020. Subs beat SiriusXM’s guidance for. Continue reading [https://www.hypebot.com/hypebot/2021/01/siriusxm-takes-1b-pandora-hit-due-to-royalty-cost-struc
- Author: Bruce Houghton
- Tags: Music Business, Music Tech, Radio & Satellite, Streaming, Pandora, SiriusXM. Pandora, #wp, #wp-post, #Import 2026-01-21 09:51

SiriusXM added 909,000 new subscribers last year, bringing their total monthly self-pay subscriber base to a record of 30.9 million at the end of 2020.

![](https://storage.ghost.io/c/3a/95/3a957c06-c825-4057-9939-0a274cc16d23/content/images/www-hypebot-com/wp-content/uploads/2020/04/siriusxm-square.jpg)

Subs beat SiriusXM’s guidance for investors. The milestone was particularly impressive because COVID-19 curtailed commuting.

![High-quality music streaming service logo with a modern design, representing digital music and entertainment.](https://storage.ghost.io/c/3a/95/3a957c06-c825-4057-9939-0a274cc16d23/content/images/www-hypebot-com/wp-content/uploads/2020/02/pandora_2016_logo-wide.png)

But with the good news came some bad as the broadcaster announced that it would take a $1 billion write-down for its Pandora streaming service.

According to SiriusXM, the loss is the result of Pandora’s operating performance, in particular, its royalty cost structure with content providers.

**SiriusXM also shared:**

- SiriusXM self-pay net subscriber additions of approximately 800,000,
- Total revenue of approximately $8.35 billion,
- Adjusted EBITDA of approximately $2.575 billion, and
- Free cash flow of approximately $1.6 billion.