SiriusXM Q1 earnings in 2023 show that revenue fell 2% on a "softer" start to the year, though the company says the results are better than expected.
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The U.S. recorded music industry hit $7.7 billion for the first half of 2022, but its growth slowed by half compared to a similar period last year, according to statistics published by the RECORDING INDUSTRY ASSOCIATION OF AMERICA s Mid-Year Music Industry Revenue Report. Retail revenues in the U.S. grew $700 million year over year in the first half of this year (up from $7 billion in H1 2021). Back in the first half of 2021, revenues grew by $1.4 billion year over year.Wholesale revenue .