SiriusXM Warns of $1 Billion ‘Impairment Charge’ on Pandora

SiriusXM informed the public of the imminent “impairment charge” in a recent release, ahead of its Q4 2020 earnings call, which is scheduled for Wednesday, February 2nd. The expected impairment is a result of the anticipated operating performance of Pandora, primarily its royalty cost structure,” and “could be approximately $1.0 billion,” the text indicated.

Source: SiriusXM Warns of $1 Billion ‘Impairment Charge’ on Pandora

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