# Pandora’s monthly user base fell by 2.75m YoY in Q3, while SiriusXM’s total revenue share and royalty costs rose to $726M

- URL: https://talkfuse.com/story/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
- Updated: 2026-11-04T05:35:14+00:00
- Original publisher: Music Business Worldwide
- Original article: https://www.musicbusinessworldwide.com/pandoras-monthly-user-base-fell-by-2-75m-yoy-in-q3-while-siriusxms-total-revenue-share-and-royalty-costs-rose-to-726m/
- Topics: Art, Business, Companies, Culture, Entertainment, Markets, Music, TV

## Key points

- Pandora lost 2.75 million monthly users year on year.
- SiriusXM’s royalty and revenue-share costs reached $726 million.
- SiriusXM raised its 2026 revenue forecast to about $8.55 billion.

## Summary

Pandora’s audience and paid subscriber numbers fell in the third quarter of 2026, while SiriusXM’s royalty and revenue-share costs rose. The results point to weaker listening and subscriber revenue at Pandora, even as advertising growth in podcasts and other areas helped offset lower music-streaming ad sales.

Pandora ended September with 38.81 million monthly active users, down 2.75 million, or 6.6%, year on year; self-pay subscribers fell by 177,000 to 5.51 million. SiriusXM’s consolidated revenue slipped to $2.153 billion, while net income rose 7% to $317 million. Royalty and revenue-share costs increased by $5 million to $726 million, equal to 33.7% of revenue; the company also raised its 2026 revenue forecast to about $8.55 billion.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.