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An announcement from Sirius XM Holdings ( (SIRI) ) is now available.
SiriusXM reported a challenging third quarter in 2024, with a net loss of $2.96 billion due to a non-cash impairment charge related to Liberty Media’s transaction. Despite a 4% drop in revenue to $2.17 billion, the company maintained a strong adjusted EBITDA margin of 32%. SiriusXM added 14,000 self-pay subscribers, but faced a decline in average revenue per user. The company is focused on long-term growth by enhancing its subscription and advertising offerings, although it revised its full-year revenue guidance to $8.675 billion.
For an in-depth examination of SIRI stock, go to TipRanks’ Stock Analysis page.