Three audio stocks in past month: SPOT, IHRT, SIRI

We thought it might be interesting to compare how three publicly traded audio stocks have fared in the COVID-19 period, for one month starting in early March. The chart below shows iHeartMedia (IHRT), Spotify (SPOT), and Sirius XM (SIRI, which owns Pandora) from March 9 through April 7 (21 full business days).

Sirius XM has weathered the coronavirus storm much better than the other two … yet even that relatively stable performance represents a 23% drop (or 30% not counting early morning trading on April 8).

Spotify feeling the most gut-punch, down over 50% from March 9.


Brad Hill