Sirius XM Holdings Inc. (SIRI) saw its stock surge 5.45% in pre-market trading on Thursday, following the release of its impressive fourth-quarter 2024 financial results. The satellite radio and audio streaming giant outperformed market expectations, driven by strong revenue growth and improved profitability.
For the quarter ended December 31, 2024, Sirius XM reported revenue of $2.19 billion, surpassing analysts' consensus estimate of $2.17 billion. The company's earnings per share (EPS) also came in at a robust $0.83, significantly higher than the anticipated $0.65 per share.
The solid performance can be attributed to Sirius XM's continued subscriber growth and cost-cutting efforts. The company added 149,000 self-pay subscribers during the quarter, further solidifying its position in the audio entertainment market. Additionally, Sirius XM managed to reduce its operating expenses, contributing to the bottom-line beat.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。