Is SiriusXM losing money?
SiriusXM Lost 445,000 Self-Pay Subscribers in 2023 as It Shifts Resources to New Streaming Tier. Full-year revenue dropped 0.6% to $8.95 billion while adjusted EBITDA fell 2% to $2.8 billion.
SiriusXM lost 430,000 customers driven by that drop of 445,000 self-pay subscribers, while growing its paid promo users by 15,000 in Q4. The SiriusXM self-pay subscriber base now appears to number around 31.9 million, with total users around 33.9 million.
Sirius XM posted a decline in revenue last year, with management expecting the same in 2024. The company faces intense competition from deep-pocketed rivals. Shares are cheap, but there's no reason to believe they can produce strong returns in the future.
In the fourth quarter of 2023, Sirius XM had 33.88 million subscribers, slightly down from 33.97 million in the corresponding quarter of the previous year.
Sirius XM Holdings annual gross profit for 2023 was $4.744B, a 2.65% decline from 2022. Sirius XM Holdings annual gross profit for 2022 was $4.873B, a 3.07% increase from 2021. Sirius XM Holdings annual gross profit for 2021 was $4.728B, a 5.99% increase from 2020.
Canceling your subscription to SiriusXM can take several minutes. It takes customers an average of 11.5 minutes to cancel over the phone and 30 minutes to cancel online, according to a press release from the AG's office, which cites data from SiriusXM.
New York Attorney General Letitia James this week filed a lawsuit against SiriusXM, accusing the satellite radio and streaming audio company of “trapping consumers” in subscriptions and “maintaining deliberately long and burdensome cancellation processes.”
It seems as if 2024 will be an encore performance. Sirius XM's guidance calls for $8.75 billion in revenue, 2% lower than the $8.95 billion it just delivered in 2023. Analysts were holding out for a 2% increase.
TuneIn. TuneIn allows you to listen to all the latest news, radio, music, podcasts, and sports from around the globe. Listen to live college, NFL, and NHL games wherever you are. You can also get personalized listening and game notifications when you select your teams via the app.
| Rank | Company | Score |
|---|---|---|
| 2 | Spotify | 82 |
| 3 | Apple | 81 |
| 4 | SoundCloud | 76 |
| 5 | iHeartMedia | 73 |
Is Spotify better than SiriusXM?
When it comes to sound quality, Spotify and SiriusXM both offer high-quality audio streaming, but their methods differ. While Spotify offers options for higher quality streams, Sirius XM's satellite radio offers a consistent signal with no compression or buffering.
The technology of the radios and the costs of the satellites drive up the prices we pay for the subscriptions and the radio costs. Getting commercial free radio means that sirius radio can not make any ad revenue to offset some of the cos so all the costs are put onto the subscriber.
The Liberty SiriusXM Group comprises our ownership in SiriusXM. We own approximately 84% of SiriusXM as of October 31, 2023, which operates two complementary audio entertainment businesses, SiriusXM and Pandora.
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 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.
Since then, SiriusXM has grown to be the largest audio entertainment company in North America. As of July 12, 2022, SiriusXM had approximately 34 million subscribers.
SiriusXM is the target of a lawsuit from the New York attorney general's office accusing the satellite radio company of trapping customers in subscriptions and finding ways to prevent them from cancelling.
Contact the SiriusXM retention department and ask to speak to someone about re-assessing your plan. Mention how much you are enjoying the service, but explain that you feel your rates are too high and want a better deal. Reject the first offer they give you.
NY AG sues SiriusXM for 'trapping' customers in subscriptions, making it tough to cancel. Are you having trouble canceling your SiriusXM subscription? You're not alone. New York Attorney General Letitia James filed a lawsuit against SiriusXM Radio, Inc.
In Harry Potter and the Prisoner of Azkaban , book 3 of the HP series by J.K. Rowling, we find out the truth about Sirius Black. He was accused of betraying his best friend, James Potter, and his wife, Lily Evans, to the Dark Lord Volvemort. He was blamed for the deaths of Peter Pettigrew and a bunch of muggles.
What actually happened to Sirius?
During a frenzied duel with Bellatrix, Sirius taunts her for failing to harm him. Bellatrix strikes Sirius with a curse, sending him backwards into the veil and to his death. Overcome with grief and rage, Harry tries – and fails – to get revenge on Bellatrix, only to be interrupted by Voldemort's arrival.
This massacre in London occurred on 1 November 1981 when Peter Pettigrew killed twelve Muggles with an extremely powerful explosive curse (possibly the Blasting Curse), leading to the false conviction and imprisonment of Sirius Black. This event was one of the most infamous massacres in recent times.
It is calculated that Sirius A will have completely exhausted the store of hydrogen at its core within a billion (109) years of its formation, and will then evolve away from the main sequence. It will pass through a red giant stage and eventually become a white dwarf.
Sirius XM Holdings Inc.
may be undervalued. Its Value Score of B indicates it would be a good pick for value investors. The financial health and growth prospects of SIRI, demonstrate its potential to outperform the market. It currently has a Growth Score of B.
Sirius XM radio, inc. is a monopoly in satellite radio.
