Sirius XM 4Q Profit Rises as Company Adds More Self-Paying Subscribers

Dow Jones

30 Jan

By Owen Tucker-Smith

Sirius XM's profit rose in the fourth quarter as the media company shrunk its operating expenses and added new self-pay subscribers.

The N.Y.-based satellite radio and audio-streaming company posted net income of $287 million, or 83 cents a share, compared with $228 million, or 67 cents a share, a year prior. Analysts surveyed by FactSet expected earnings of 65 cents a share. The company's past per-share data was altered to reflect its reverse stock split, which took place when the company announced its spinoff from Liberty Media in September.

Sirius XM reported revenue of $2.19 billion, down from $2.29 billion a year ago. Analysts were looking for revenue of $2.17 billion. Ad revenue ticked down slightly during the quarter, while subscription revenue dropped 5%. The company also lowered its operating expenses to $1.68 billion from $1.83 billion a year ago.

Sirius XM said it added 149,000 self-pay subscribers during the quarter, up 18,000 from a year ago, but the total number of Sirius XM self-pay subscribers at the end of the year fell compared with a year earlier. The company's Pandora service had a drop in self-pay subscribers after the service raised prices on certain subscription plans.

Looking ahead, for 2025, the company is still forecasting total revenue of $8.5 billion.

Write to Owen Tucker-Smith at owen.tucker-smith@wsj.com

(END) Dow Jones Newswires

January 30, 2025 07:34 ET (12:34 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2507647450"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2507647450\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/2507647450?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-30 20:34","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2507647450","market":"sh","top_or_hot":-1,"title":"Sirius XM 4Q Profit Rises as Company Adds More Self-Paying Subscribers","media":"Dow Jones","content":"<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Owen Tucker-Smith \n</p>\n<pre>\n \n</pre>\n<p>\n  Sirius XM's profit rose in the fourth quarter as the media company shrunk its operating expenses and added new self-pay subscribers. \n</p>\n<p>\n  The N.Y.-based satellite radio and audio-streaming company posted net income of $287 million, or 83 cents a share, compared with $228 million, or 67 cents a share, a year prior. Analysts surveyed by FactSet expected earnings of 65 cents a share. The company's past per-share data was altered to reflect its reverse stock split, which took place when the company announced its spinoff from Liberty Media in September. \n</p>\n<p>\n  Sirius XM reported revenue of $2.19 billion, down from $2.29 billion a year ago. Analysts were looking for revenue of $2.17 billion. Ad revenue ticked down slightly during the quarter, while subscription revenue dropped 5%. The company also lowered its operating expenses to $1.68 billion from $1.83 billion a year ago. \n</p>\n<p>\n  Sirius XM said it added 149,000 self-pay subscribers during the quarter, up 18,000 from a year ago, but the total number of Sirius XM self-pay subscribers at the end of the year fell compared with a year earlier. The company's Pandora service had a drop in self-pay subscribers after the service raised prices on certain subscription plans. \n</p>\n<p>\n  Looking ahead, for 2025, the company is still forecasting total revenue of $8.5 billion. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Owen Tucker-Smith at owen.tucker-smith@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 30, 2025 07:34 ET (12:34 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones & Company, Inc.\n</p>\n</font></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta content=\"text/html; charset=utf-8\" http-equiv=\"Content-Type\"/>\n<meta content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\" name=\"viewport\"/>\n<meta content=\"telephone=no,email=no,address=no\" name=\"format-detection\"/>\n<title>Sirius XM 4Q Profit Rises as Company Adds More Self-Paying Subscribers</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSirius XM 4Q Profit Rises as Company Adds More Self-Paying Subscribers\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\">\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-01-30 20:34</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Owen Tucker-Smith \n</p>\n<pre>\n \n</pre>\n<p>\n  Sirius XM's profit rose in the fourth quarter as the media company shrunk its operating expenses and added new self-pay subscribers. \n</p>\n<p>\n  The N.Y.-based satellite radio and audio-streaming company posted net income of $287 million, or 83 cents a share, compared with $228 million, or 67 cents a share, a year prior. Analysts surveyed by FactSet expected earnings of 65 cents a share. The company's past per-share data was altered to reflect its reverse stock split, which took place when the company announced its spinoff from Liberty Media in September. \n</p>\n<p>\n  Sirius XM reported revenue of $2.19 billion, down from $2.29 billion a year ago. Analysts were looking for revenue of $2.17 billion. Ad revenue ticked down slightly during the quarter, while subscription revenue dropped 5%. The company also lowered its operating expenses to $1.68 billion from $1.83 billion a year ago. \n</p>\n<p>\n  Sirius XM said it added 149,000 self-pay subscribers during the quarter, up 18,000 from a year ago, but the total number of Sirius XM self-pay subscribers at the end of the year fell compared with a year earlier. The company's Pandora service had a drop in self-pay subscribers after the service raised prices on certain subscription plans. \n</p>\n<p>\n  Looking ahead, for 2025, the company is still forecasting total revenue of $8.5 billion. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Owen Tucker-Smith at owen.tucker-smith@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 30, 2025 07:34 ET (12:34 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones & Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4559","symbol_name":"巴菲特持仓","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2507647450","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2507647450","pubTimestamp":1738240440,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Sirius XM's profit rose in the fourth quarter as the media company shrunk its operating expenses and added new self-pay subscribers.The N.Y.-based satellite radio and audio-streaming company posted net income of $287 million, or 83 cents a share, compared with $228 million, or 67 cents a share, a year prior. Analysts surveyed by FactSet expected earnings of 65 cents a share. The company's past per-share data was altered to reflect its reverse stock split, which took place when the company announced its spinoff from Liberty Media in September.Sirius XM reported revenue of $2.19 billion, down from $2.29 billion a year ago. Analysts were looking for revenue of $2.17 billion. Ad revenue ticked down slightly during the quarter, while subscription revenue dropped 5%. The company also lowered its operating expenses to $1.68 billion from $1.83 billion a year ago.Sirius XM said it added 149,000 self-pay subscribers during the quarter, up 18,000 from a year ago, but the total number of Sirius XM","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4559":"巴菲特持仓","SIRI":"Sirius XM Holdings Inc.","BK4100":"有线和卫星"},"translate_title":"随着公司增加更多自费订户，Sirius XM第四季度利润增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SIRI":1,"XM":1},"content_text":"By Owen Tucker-Smith \n\n\n \n\n\n  Sirius XM's profit rose in the fourth quarter as the media company shrunk its operating expenses and added new self-pay subscribers. \n\n\n  The N.Y.-based satellite radio and audio-streaming company posted net income of $287 million, or 83 cents a share, compared with $228 million, or 67 cents a share, a year prior. Analysts surveyed by FactSet expected earnings of 65 cents a share. The company's past per-share data was altered to reflect its reverse stock split, which took place when the company announced its spinoff from Liberty Media in September. \n\n\n  Sirius XM reported revenue of $2.19 billion, down from $2.29 billion a year ago. Analysts were looking for revenue of $2.17 billion. Ad revenue ticked down slightly during the quarter, while subscription revenue dropped 5%. The company also lowered its operating expenses to $1.68 billion from $1.83 billion a year ago. \n\n\n  Sirius XM said it added 149,000 self-pay subscribers during the quarter, up 18,000 from a year ago, but the total number of Sirius XM self-pay subscribers at the end of the year fell compared with a year earlier. The company's Pandora service had a drop in self-pay subscribers after the service raised prices on certain subscription plans. \n\n\n  Looking ahead, for 2025, the company is still forecasting total revenue of $8.5 billion. \n\n\n \n\n\n  Write to Owen Tucker-Smith at owen.tucker-smith@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 30, 2025 07:34 ET (12:34 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}