How much revenue does Sirius XM stock generate?
According to Sirius XM's latest financial reports the company's current revenue (TTM) is $8.95 B. In 2022 the company made a revenue of $9.00 B an increase over the years 2021 revenue that were of $8.69 B. The revenue is the total amount of income that a company generates by the sale of goods or services.
Sirius XM Holdings annual revenue for 2023 was $8.953B, a 0.56% decline from 2022. Sirius XM Holdings annual revenue for 2022 was $9.003B, a 3.53% increase from 2021. Sirius XM Holdings annual revenue for 2021 was $8.696B, a 8.16% increase from 2020.
- Sirius XM is a satellite-radio operator with nearly 34 million subscribers.
- These subscribers account for more than 75% of Sirius XM's revenue.
SiriusXM's revenue is $9.0 billion.
SiriusXM's peak quarterly revenue was $2.3B in 2022(q4). SiriusXM peak revenue was $9.0B in 2022. SiriusXM annual revenue for 2021 was 8.7B, 8.16% growth from 2020. SiriusXM annual revenue for 2022 was 9.0B, 3.53% growth from 2021.
For what it's worth, the company is profitable. Free cash flow (FCF) totaled $1.2 billion last year. It was down 22% versus 2022 but is forecast to rise in the years ahead as capital expenditures decline. And while the customer base declined, executives touted the low monthly churn rate of 1.5% last quarter.
Sirius XM Holdings long term debt for 2023 was $8.69B, a 6.11% decline from 2022. Sirius XM Holdings long term debt for 2022 was $9.256B, a 4.8% increase from 2021. Sirius XM Holdings long term debt for 2021 was $8.832B, a 3.92% increase from 2020.
Sirius stock has been negatively impacted by headwinds in advertising and a delayed recovery in the auto sales industry since the beginning of 2023. In Q3 2023, the company saw a weak subscriber growth trend with 94k subscriber net losses and a churn of 96k self-pay net losses.
Sirius XM Holdings Inc's trailing 12-month revenue is $9.0 billion with a 14.1% profit margin. Year-over-year quarterly sales growth most recently was 0.2%. Analysts expect adjusted earnings to reach $0.299 per share for the current fiscal year. Sirius XM Holdings Inc currently has a 2.2% dividend yield.
The company recently reported its financials for 2023, which can give investors key insights into the state of Sirius XM. Revenue totaled just under $9 billion for the full year, down less than 1% compared to 2024. This ends a long-standing streak of annual revenue increases for the business.
A Fortune 500 company, SiriusXM and Pandora together reach more than 100 million people each month with their audio products.
Who owns SiriusXM?
CEO Jennifer Witz cited economic uncertainty and a need to operate with "greater agility and efficiency." By 2023, Liberty Media had become SiriusXM's majority owner with an 83% stake, which it held through the Liberty SiriusXM Group (LSXM) tracking stock.
Sirius XM Market Cap
Sirius XM has a market cap or net worth of $16.02 billion as of March 6, 2024. Its market cap has decreased by -6.18% in one year.
SiriusXM competitors include SoundCloud, Amazon, Apple, Spotify and iHeartMedia.
SiriusXM released its Q4 and full-year 2023 financial results, revealing the service lost 445,000 self-pay subscribers throughout the past year.
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).
SiriusXM reaches 34 million paid subscribers, providing music, sports, entertainment, comedy, talk, news, traffic and weather channels and other content, as well as podcasts and infotainment services. In addition to our audio entertainment businesses, we provide connected vehicle services to several automakers.
New York sues SiriusXM, accusing company of making it deliberately hard to cancel subscriptions. NEW YORK (AP) — New York's attorney general filed suit Wednesday against SiriusXM, accusing the satellite radio and streaming service of making it intentionally difficult for its customers to cancel their subscriptions.
Sirius XM radio, inc. is a monopoly in satellite radio.
Full-year revenue declined 0.6% to $8.95 billion, slightly below last quarter's guidance of $9 billion. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) declined 2% to $2.8 billion, coming in a little above guidance of $2.75 billion.
SiriusXM is laying off less than 3 percent of its workforce, or about 160 positions, as the company reorganizes to promote future subscriber growth.
Why is it so hard to cancel SiriusXM?
According to the complaint, subscribers calling to cancel their subscriptions are first connected with an automated system that presents them with new offers before having to wait to be connected to a live agent. From 2019 to 2021, more than 578,000 consumers allegedly abandoned their efforts while waiting.
