SiriusXM Net Sub Adds Finished 2020 Nearly 14% Ahead of October Plan

SiriusXM added 909,000 net self-pay subscribers in 2020 to finish the year with 30.9 million, beating its Oct. 22 forecast by nearly 14%, it said Thursday. Net self-pay subscribers were just under 30 million for 2019. It’s forecasting 800,000 in net additions for 2021. “SiriusXM has a long runway of growth ahead of us in 2021 and beyond," said Jennifer Witz, who succeeded Jim Meyer as CEO Jan. 1. SiriusXM will release 2020 earnings Feb. 2. The stock closed down 7.9% lower Friday at $5.91.