earnings
confidence high
sentiment positive
materiality 0.65
SiriusXM Q2 net income up 6% to $310M; raises FY free cash flow guidance to $1.15B
SIRIUS XM HOLDINGS INC.
2023-Q2 EPS reported
$0.14
revenue$4,394,000,000
- Revenue flat at $2.25B; net income $310M ($0.08 diluted EPS) vs $292M a year ago.
- Adjusted EBITDA $702M (+3% YoY); free cash flow $323M, down from $435M on higher capex and taxes.
- SiriusXM self-pay subs down 132k; total subs flat at 34.0M; churn 1.5%; ARPU $15.66.
- Pandora ad revenue flat at $400M; off-platform ad rev up 13% to ~$135M.
- FY 2023 guidance: revenue ~$9.0B, EBITDA ~$2.75B, FCF raised to ~$1.15B; returned $229M to shareholders.