secwatch.observer — SEC 8-K summary
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Issuer:     SIRIUS XM HOLDINGS INC. (SIRI)
CIK:        0000908937
Form:       8-K
Filed at:   2024-02-01T23:59:59+00:00
Accession:  0000908937-24-000005
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/908937/000090893724000005/0000908937-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/908937/000090893724000005/siri-20240201.htm
  HTML page:      https://secwatch.observer/filing/0000908937-24-000005

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