SiriusXM Q4/FY2023: Revenue flat; 2024 guidance targets $8.75B revenue

SIRIUS XM HOLDINGS INC.

2023-FY EPS reported $0.32 revenue$8,953,000,000

Q4 revenue $2.29B (flat YoY); net income $352M ($0.09 diluted EPS); adjusted EBITDA $715M (-4% YoY).
Full-year 2023: revenue $8.95B (-1% YoY); net income $1.26B; adjusted EBITDA $2.79B (-2% YoY); free cash flow $1.20B (-22% YoY).
SiriusXM self-pay subscribers down 445k in 2023 to 31.9M; total subscribers 34M (-1% YoY).
2024 guidance: revenue ~$8.75B, adjusted EBITDA ~$2.70B, free cash flow ~$1.20B, excluding Liberty Media transaction.
Company targeting $200M additional cost savings in 2024; expects Liberty Media deal to close in Q3 2024.

item 2.02 item 7.01 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SIRIUS XM HOLDINGS INC. reported three months and year ended December 31, 2023 results: revenue $2.29 billion and $8.95 billion, net income $352 million and $1.26 billion, EPS $0.09 and $0.32. Guidance initiated.

Period: three months and year ended December 31, 2023
Revenue: $2.29 billion and $8.95 billion
Net income: $352 million and $1.26 billion
EPS: $0.09 and $0.32
Guidance: initiated
Result: reported results

Exact text from the filing

SiriusXM today announced fourth quarter and full-year 2023 operating and financial results, including revenue of $2.29 billion and $8.95 billion, respectively, which remained relatively flat compared to the same periods in 2022. The company recorded net income of $352 million and $1.26 billion in the fourth quarter and full-year 2023, respectively, compared to $365 million and $1.21 billion in the prior year, respectively. Net income per diluted common share was $0.09 and $0.32 in the fourth quarter and full-year 2023, respectively.

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Source: SEC EDGAR

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