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Reve-News: SXM
JenniferWitz_080224.jpg Reve-News: SiriusXM reported revenue of $8.70 billion in 2024, off 3% from 2023's $8.95b. The company had a net loss of $2.08b for the year, reflecting a non-cash charge in Q3, compared to net income of $988m in 2023, while adjusted EBITDA was off 2% to $2.73b. Q4 revenue was $2.19b, down 4% compared to $2.29b the prior year. Net income for the quarter was $287m, up from $228m the prior year. SiriusXM added 149,000 new self-pay subscribers in Q4, but the full year saw a decline of 296,000, putting the year-end total at 33m. Pandora self-pay subscribers decreased by 101,000 in Q4 to end the year at 5.8m. "By prioritizing our core in-car subscription business, leveraging our streaming capabilities, and growing our leadership in ad-supported audio, we are well-positioned to deliver long-term value," says CEO Jennifer Witz. Full release here.


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