Sirius XM on Thursday narrowed its first-quarter loss by 73 percent as it reduced operating expenses.
The company posted a pro forma loss of $62.9 million, compared with a $233.4 million loss in the year-ago period.
Revenue rose 5 percent to $605.5 million on a pro forma basis, which assumes the merger that created the firm happened before any comparison period. It also excludes the effects of stock-based compensation and certain accounting adjustments.
Sirius ended March with nearly 18.6
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