SiriusXM & Other Radio Stocks Struggle on Soft Earnings Reports, K-Pop Shares Make Gains ...Middle East

Radio stocks struggled this week as companies’ second-quarter earnings revealed additional revenue losses.  SiriusXM shares fell 15.6% after the company’s second-quarter earnings on Thursday (Aug. 1) showed a loss of 173,000 satellite radio subscribers and 41,000 Pandora subscribers. Revenue fell 3% to $2.18 billion, although net profit improved 2% to $316 million. In the first quarter, SiriusXM lost 594,000 subscribers, although revenue improved 0.8% to $2.16 billion. Related

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