SiriusXM Holdings Inc. is a leading audio entertainment company that offers a diverse range of satellite and streaming radio services to listeners in the United States and Canada
The company provides a rich library of music, news, sports, talk, and entertainment programming, catering to a wide variety of audiences through its subscription-based service. In addition to its flagship satellite radio offerings, SiriusXM has expanded its reach by incorporating digital streaming options, partnerships with automakers for integrated in-car experiences, and exclusive podcasts to enrich its content portfolio and engage listeners in different formats.
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Shares of satellite radio and media company Sirius XM (NASDAQSIRI)
jumped 6.4% in the morning session after the company reported impressive fourth-quarter earnings, which exceeded analysts' EPS and EBITDA expectations. On the other hand, its full-year revenue guidance slightly missed. Zooming out, we think this was a decent quarter featuring some areas of strength but also some blemishes.
CFO Tom Barry said the company expects to generate free cash flow of $1.15 billion in 2025 and achieve an additional $200 million in run-rate savings exiting the year.
Satellite radio and media company Sirius XM (NASDAQSIRI) reported Q4 CY2024 results exceeding the market’s revenue expectations, but sales fell by 4.3% year on year to $2.19 billion. On the other hand, the company’s full-year revenue guidance of $8.5 billion at the midpoint came in 0.6% below analysts’ estimates. Its GAAP profit of $0.83 per share was 17% above analysts’ consensus estimates.
