SiriusXM Eyes a Cheaper Subscription with Ads in the New Year -- Market Talk

Dow Jones

Jan 30, 2025

1052 ET - SiriusXM is betting that it can convert a pool of would-be subscribers into paying customers who will listen to ads in exchange for a cheaper subscription. On an earnings call, Chief Executive Jennifer Witz says the company is preparing to offer a lower-priced sign-up option to support the company's growth goals. The satellite radio and audio-streaming company ended 2024 with fewer year-over-year self-pay subscribers who are responsible for paying their recurring fee for the service, and a lower-priced option could help the company reach a broader base. The company's profit rose in 4Q, but sales dropped, with subscriber revenue down 5%. Citi analyst Jason Bazinet notes that subscription growth still exceeded Wall Street's expectations, and shares are up 3.5%. (owen.tucker-smith@wsj.com)

(END) Dow Jones Newswires

January 30, 2025 10:52 ET (15:52 GMT)

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On an earnings call, Chief Executive Jennifer Witz says the company is preparing to offer a lower-priced sign-up option to support the company's growth goals. The satellite radio and audio-streaming company ended 2024 with fewer year-over-year self-pay subscribers who are responsible for paying their recurring fee for the service, and a lower-priced option could help the company reach a broader base. The company's profit rose in 4Q, but sales dropped, with subscriber revenue down 5%. Citi analyst Jason Bazinet notes that subscription growth still exceeded Wall Street's expectations, and shares are up 3.5%. 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On an earnings call, Chief Executive Jennifer Witz says the company is preparing to offer a lower-priced sign-up option to support the company's growth goals. The satellite radio and audio-streaming company ended 2024 with fewer year-over-year self-pay subscribers who are responsible for paying their recurring fee for the service, and a lower-priced option could help the company reach a broader base. The company's profit rose in 4Q, but sales dropped, with subscriber revenue down 5%. Citi analyst Jason Bazinet notes that subscription growth still exceeded Wall Street's expectations, and shares are up 3.5%. (owen.tucker-smith@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 30, 2025 10:52 ET (15:52 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4100","symbol_name":"有线和卫星","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2507962046","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2507962046","pubTimestamp":1738252320,"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":"1052 ET - SiriusXM is betting that it can convert a pool of would-be subscribers into paying customers who will listen to ads in exchange for a cheaper subscription. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4100":"有线和卫星","SIRI":"Sirius XM Holdings Inc.","BK4559":"巴菲特持仓"},"translate_title":"SiriusXM着眼于在新的一年提供更便宜的广告订阅——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SIRI":0.9},"content_text":"1052 ET - SiriusXM is betting that it can convert a pool of would-be subscribers into paying customers who will listen to ads in exchange for a cheaper subscription. On an earnings call, Chief Executive Jennifer Witz says the company is preparing to offer a lower-priced sign-up option to support the company's growth goals. The satellite radio and audio-streaming company ended 2024 with fewer year-over-year self-pay subscribers who are responsible for paying their recurring fee for the service, and a lower-priced option could help the company reach a broader base. The company's profit rose in 4Q, but sales dropped, with subscriber revenue down 5%. Citi analyst Jason Bazinet notes that subscription growth still exceeded Wall Street's expectations, and shares are up 3.5%. (owen.tucker-smith@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  January 30, 2025 10:52 ET (15:52 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":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}