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Sirius XM Holdings ( (SIRI) ) just unveiled an announcement.
Sirius XM Holdings announced its financial results for the fourth quarter and full-year 2024, reporting a net loss of $2.08 billion due to a non-cash charge, despite achieving revenues of $8.70 billion. The company saw a decline in subscriber numbers and revenues, with a decrease in adjusted EBITDA and free cash flow compared to the previous year, while maintaining a stable adjusted EBITDA margin of 31%. The company reaffirmed its 2025 financial guidance and highlighted strategic initiatives, including prioritizing in-car subscriptions, enhancing streaming capabilities, and expanding partnerships, such as a new agreement with ESPN+.
More about Sirius XM Holdings
Sirius XM Holdings operates in the audio entertainment industry, providing satellite and online radio services primarily through its SiriusXM and Pandora platforms. The company focuses on in-car subscriptions, ad-supported audio, and streaming services, aiming to deliver unique audio experiences and content to subscribers and advertisers.
YTD Price Performance: -1.18%
Average Trading Volume: 5,587,137
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $7.48B
See more data about SIRI stock on TipRanks’ Stock Analysis page.
