
Sirius XM Holdings Inc. reported better-than-expected fourth-quarter results for 2024, with earnings per share (EPS) of $0.83, surpassing the expected $0.63, and revenue of $2.19 billion, exceeding projections of $2.17 billion. The company also provided guidance for fiscal year 2025, projecting revenue of approximately $8.5 billion, adjusted EBITDA of $2.6 billion, and free cash flow of about $1.15 billion. However, SiriusXM has faced challenges, including a 4% drop in subscriber revenue attributed to struggles with its streaming app. Additionally, the company has eliminated around 100 roles as part of its restructuring efforts. Guggenheim maintained a Buy rating on Sirius XM Holdings while lowering the price target to $29.
SiriusXM Posts 4% Drop in Subscriber Revenue Amid Streaming App Struggles https://t.co/gobF9eJLtZ
$SIRI Guidance: "..we remain committed to the strategic direction outlined late last year and are reiterating our 2025 guidance, projecting revenue of approximately $8.5 billion, adjusted EBITDA of $2.6 billion and free cash flow of about $1.15 billion. Regarding cost savings,… https://t.co/I4SPJhtCWk
SiriusXM Caps Year Of Regrouping With Better-Than-Expected Q4 Results https://t.co/kxI66T8GoN
