Even if people aren’t commuting in their cars as much while they shelter in their homes during the coronavirus pandemic, satellite radio powerhouse and Pandora owner SiriusXM has yet to take a big hit to its bottom line judging by its recently released first-quarter earnings.
But while listening of Pandora and SiriusXM offerings is up for stay-at-home consumers, David Frear, senior executive vp and CFO of SiriusXM, warned Tuesday that his industry faces an uncertain future. “I haven’t talked to anybody who has a good picture of what the recovery will look like,” he told the J.P. Morgan Global Technology, Media and Communications Conference during a session that was webcast.