Sirius XM Holdings - annual revenue 2023 | Statista (2024)

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Sirius XM Holdings - annual revenue 2023 | Statista? ›

Sirius XM Holdings

Sirius XM had revenue of $8.97B in the twelve months ending March 31, 2024, with 0.12% growth year-over-year. Revenue in the quarter ending March 31, 2024 was $2.16B with 0.84% year-over-year growth. In the year 2023, Sirius XM had annual revenue of $8.95B, a decrease of -0.56%.

How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. Sirius XM Holdings net worth as of June 06, 2024 is $9.96B.

A Fortune 500 company, SiriusXM and Pandora together reach more than 100 million people each month with their audio products.

Sirius XM Holdings' revenue hit 6.8 billion U.S. dollars in 2023, which is a slight decrease from the 6.9 billion U.S. dollars in the previous year. Pandora, which the company acquired in early 2019, reported record ad revenue of 2.1 billion in 2021.

Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose 4% to $650 million. The company's gross profit edged 0.6% higher to $1.13 billion, while the gross profit margin held flat at 53% in the quarter compared to last year. Total operating expenses held roughly flat at $1.73 billion.

Total debt on the balance sheet as of March 2024 : $9.57 B

According to Sirius XM's latest financial reports the company's total debt is $9.57 B. A company's total debt is the sum of all current and non-current debts.

According to the latest TipRanks data, approximately 90.02% of Sirius XM Holdings Inc (SIRI) stock is held by retail investors. Invesco owns the most shares of Sirius XM Holdings Inc (SIRI).

Is SiriusXM making money? ›

EPS of $0.07 aligned with predictions, and revenue was at $2.162 billion against a $2.127 billion forecast. Despite facing subscriber churn and aggressive market competition, strategic expansions in content and a boost in advertisem*nt revenue relay a narrative of resilience and adaptability.

Sirius stock has been negatively impacted by headwinds in advertising and a delayed recovery in the auto sales industry since the beginning of 2023. The company's stock is down 45% this year. Sirius XM's revenue declined 0.6% for 2023, the first annual dip in the company's history.

According to SiriusXM's 2023 annual investors report, the company had 5,680 full-time and part-time employees as of 31 December 2023, which means that the latest round of layoffs affected approximately 170 members of its staff.

Jennifer Witz, the Chief Executive Officer of SiriusXM, sat down with Dr. Caren F.

Based on analyst ratings, Sirius XM Holdings Inc's 12-month average price target is $4.06. Sirius XM Holdings Inc has 54.08% upside potential, based on the analysts' average price target. Sirius XM Holdings Inc has a consensus rating of Hold which is based on 4 buy ratings, 5 hold ratings and 2 sell ratings.

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But the stock has been hovering around the levels of $3 since the beginning of last year (FY 2023) due to headwinds in advertising and delayed recovery in the auto sales industry. The company relies on promotional listeners that purchase new or used vehicles to become self-pay subscribers.

Unlike terrestrial radio, SiriusXM is required to pay copyright music royalties to recording artists, musicians and recording labels that hold copyrights in sound recordings (the actual recording of a work).

Sirius XM is serving 33 million total subscribers. It also owns the popular Pandora streaming app it acquired in 2019 to have some skin in the digital space beyond the mobile app for streaming its flagship satellite radio broadcasts.