"That plays to our strength," he added, "because our music stations will remain commercial free forever."
SiriusXM has about 25.1 million subscribers, which according to Seeking Alpha compares to roughly 6 million paid users for Spotify and about 2.5 million paying subscribers for Pandora.
Meyer said on "Squawk Box" that terrestrial radio is still "the biggest gorilla in the room" with about $15 billion a year in revenue, compared with SiriusXM's projected $4 billion in sales next year.
"The competition for me has always been free" radio, he continued. "We're not interested in customers who don't want to pay."
In the same interview, Greg Maffei—the CEO of Liberty Media, which owns a majority stake in SiriusXM—talked about one of the satellite radio service's crown jewels: Howard Stern.
"Howard is more relevant than ever."
Meyer seconded that, saying Stern's other job as a judge on NBC's "America's Got Talent" has broadened the appeal of the shock jock.