We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties. You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies. In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Sirius XM's Q4 Earnings and Revenues Surpass Estimates, Fall Y/Y
Read MoreHide Full Article
Sirius XM Holdings (SIRI - Free Report) reported fourth-quarter 2024 earnings of 83 cents per share and beat the Zacks Consensus Estimate by 29.69%. The figure declined 7.8% on a year-over-year basis.
Find the latest EPS estimates and surprises on Zacks Earnings Calendar.
Total revenues, on a reported basis, declined 4.3% year over year to $2.19 billion and missed the consensus mark by 0.73%.
Sirius XM has completed its transaction with Liberty Media and now emerged as a fully independent public company. It has also successfully achieved its full-year goal of $200 million in gross savings.
Sirius XM Holdings Inc. Price, Consensus and EPS Surprise
Subscriber revenues (74.6% of total revenues) declined 5.1% from the year-ago quarter to $1.63 billion, beating the Zacks Consensus Estimate by 0.15%.
Meanwhile, advertisement revenues (21.8% of total revenues) decreased 0.4% year over year to $477 million. The figure missed the Zacks Consensus Estimate by 0.45%. This decline was due to increasing new CTV supply in the market, increasing advertiser spending on performance products and low podcast inventory.
Equipment revenues (1.9% of total revenues) decreased 17.6% year over year to $42 million. The figure missed the Zacks Consensus Estimate by 10.94%.
Other revenues (1.6% of total revenues) decreased 2.7% year over year to $36 million and missed the Zacks Consensus Estimate by 0.86%.
Sirius XM Standalone Details
The Sirius XM Standalone segment’s revenues (74% of total revenues) were $1.62 billion, down 5.6% year over year.
Total subscriber base declined 2% year over year to 33.23 million, missing the Zacks Consensus Estimate by 0.32%.
Revenues declined due to a 5.4% drop in subscriber revenues, which amounted to $1.5 billion. Advertising revenues were $43 million, flat year over year. Equipment revenues declined 17.6% year over year to $42 million. Other revenues declined 2.7% year over year to $36 million.
Self-pay subscribers decreased 1% year over year to 31.65 million. Net subscriber additions in the reported quarter were 70K against a net loss of 94K in the year-ago period.
Average revenue per user amounted to $15.11, down 3% year over year. The figure missed the Zacks Consensus Estimate by 0.3%.
Pandora & OFF Platform Details
Pandora and OFF platform’s revenues (26% of total revenues) declined 0.5% year over year to $568 million, owing to a 0.5% decrease in advertising revenues, which totaled $434 million. Subscriber revenues decreased 0.7% year over year to $134 million.
Self-pay subscribers decreased 5% year over year, ending the fourth quarter at 5.77 million. The figure missed the Zacks Consensus Estimate by 0.55%.
Total ad-supported listener hours were 2.39 billion in the fourth quarter, down 6% year over year. Advertising revenue per thousand listener hours was $108.37, down 3% year over year.
Operating Details
In the fourth quarter, total operating expenses decreased by 8.2% year over year to $1.68 billion. The operating expenses include legacy Liberty Sirius XM operating expenses.
Adjusted EBITDA declined 3.8% year over year at $688 million.
Balance Sheet & Cash Flow
As of Dec. 31, 2024, cash and cash equivalents were $162 million compared with $127 million as of Sept. 30, 2024.
Long-term debt, as of Sept. 30, 2024, was $10.31 billion compared with $10.14 billion as of Sept. 30, 2024.
For the fourth quarter, cash flow from operations was $1.71 billion compared with $1.06 billion in the year-ago quarter.
Free cash flow was $516 million for the reported quarter, up from $402 million reported in the prior-year period.
SIRI’s 2025 Guidance
Revenues are expected to be $8.5 billion. Adjusted EBITDA is projected to be $2.6 billion. Free cash flow is expected to be $1.15 billion.
SIRI’s Zacks Rank & Stocks to Consider
Currently, Sirius XM carries a Zacks Rank #3 (Hold).
Image: Bigstock
Sirius XM's Q4 Earnings and Revenues Surpass Estimates, Fall Y/Y
Sirius XM Holdings (SIRI - Free Report) reported fourth-quarter 2024 earnings of 83 cents per share and beat the Zacks Consensus Estimate by 29.69%. The figure declined 7.8% on a year-over-year basis.
Find the latest EPS estimates and surprises on Zacks Earnings Calendar.
Total revenues, on a reported basis, declined 4.3% year over year to $2.19 billion and missed the consensus mark by 0.73%.
Sirius XM has completed its transaction with Liberty Media and now emerged as a fully independent public company. It has also successfully achieved its full-year goal of $200 million in gross savings.
Sirius XM Holdings Inc. Price, Consensus and EPS Surprise
Sirius XM Holdings Inc. price-consensus-eps-surprise-chart | Sirius XM Holdings Inc. Quote
Subscriber revenues (74.6% of total revenues) declined 5.1% from the year-ago quarter to $1.63 billion, beating the Zacks Consensus Estimate by 0.15%.
Meanwhile, advertisement revenues (21.8% of total revenues) decreased 0.4% year over year to $477 million. The figure missed the Zacks Consensus Estimate by 0.45%. This decline was due to increasing new CTV supply in the market, increasing advertiser spending on performance products and low podcast inventory.
Equipment revenues (1.9% of total revenues) decreased 17.6% year over year to $42 million. The figure missed the Zacks Consensus Estimate by 10.94%.
Other revenues (1.6% of total revenues) decreased 2.7% year over year to $36 million and missed the Zacks Consensus Estimate by 0.86%.
Sirius XM Standalone Details
The Sirius XM Standalone segment’s revenues (74% of total revenues) were $1.62 billion, down 5.6% year over year.
Total subscriber base declined 2% year over year to 33.23 million, missing the Zacks Consensus Estimate by 0.32%.
Revenues declined due to a 5.4% drop in subscriber revenues, which amounted to $1.5 billion. Advertising revenues were $43 million, flat year over year. Equipment revenues declined 17.6% year over year to $42 million. Other revenues declined 2.7% year over year to $36 million.
Self-pay subscribers decreased 1% year over year to 31.65 million. Net subscriber additions in the reported quarter were 70K against a net loss of 94K in the year-ago period.
Average revenue per user amounted to $15.11, down 3% year over year. The figure missed the Zacks Consensus Estimate by 0.3%.
Pandora & OFF Platform Details
Pandora and OFF platform’s revenues (26% of total revenues) declined 0.5% year over year to $568 million, owing to a 0.5% decrease in advertising revenues, which totaled $434 million. Subscriber revenues decreased 0.7% year over year to $134 million.
Self-pay subscribers decreased 5% year over year, ending the fourth quarter at 5.77 million. The figure missed the Zacks Consensus Estimate by 0.55%.
Total ad-supported listener hours were 2.39 billion in the fourth quarter, down 6% year over year. Advertising revenue per thousand listener hours was $108.37, down 3% year over year.
Operating Details
In the fourth quarter, total operating expenses decreased by 8.2% year over year to $1.68 billion. The operating expenses include legacy Liberty Sirius XM operating expenses.
Adjusted EBITDA declined 3.8% year over year at $688 million.
Balance Sheet & Cash Flow
As of Dec. 31, 2024, cash and cash equivalents were $162 million compared with $127 million as of Sept. 30, 2024.
Long-term debt, as of Sept. 30, 2024, was $10.31 billion compared with $10.14 billion as of Sept. 30, 2024.
For the fourth quarter, cash flow from operations was $1.71 billion compared with $1.06 billion in the year-ago quarter.
Free cash flow was $516 million for the reported quarter, up from $402 million reported in the prior-year period.
SIRI’s 2025 Guidance
Revenues are expected to be $8.5 billion. Adjusted EBITDA is projected to be $2.6 billion. Free cash flow is expected to be $1.15 billion.
SIRI’s Zacks Rank & Stocks to Consider
Currently, Sirius XM carries a Zacks Rank #3 (Hold).
Akamai Technologies (AKAM - Free Report) , AMETEK (AME - Free Report) and DoorDash (DASH - Free Report) are some better-ranked stocks that investors can consider in the broader sector. AKAM, AME and DASH carry a Zacks Rank #2 (Buy) each at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Akamai Technologies shares have lost 18.2% in the trailing 12 months. AKAM is set to report its fourth-quarter 2024 results on Feb. 20.
AMETEK shares have gained 12.1% in the trailing 12 months. AME is set to report its fourth-quarter 2024 results on Feb. 4.
DoorDash shares have surged 75.8% in the trailing 12 months. DASH is set to report its fourth-quarter 2024 results on Feb. 11.