Sirius XM Projects $8.5B Revenue for 2025, Aims for $200M in Savings, Appoints New COO

Sirius XM Holdings Inc. has provided its 2025 financial outlook, projecting total revenue of $8.5 billion, adjusted EBITDA of $2.6 billion, and free cash flow of $1.15 billion, which represents a 44% free cash flow conversion rate, an increase from the 37% in 2024. The company is focusing on its core automotive subscriber base and has announced a strategic pivot away from streaming, aiming to achieve $200 million in annualized cost savings. SiriusXM has also appointed Wayne Thorsen as its new Chief Operating Officer. Despite the revenue guidance, some reports suggest that SiriusXM expects its revenue to decline in 2025.