earnings
confidence high
sentiment neutral
materiality 0.65
SiriusXM Q1 revenue $2.16B (+1% YoY), EPS $0.07, Adj EBITDA $650M; reiterates 2024 outlook
SIRIUS XM HOLDINGS INC.
2024-Q1 EPS reported
$0.07
revenue$2,162,000,000
- Revenue $2.16B (+1% YoY); diluted EPS $0.07 vs $0.06 prior year.
- Adjusted EBITDA $650M (+4% YoY); free cash flow $132M (-8% YoY).
- Self-pay subscribers fell 359k in Q1; churn rose to 1.7% from 1.6% YoY.
- Ad revenue up 7% to $402M; subscription revenue down 1% to $1.68B.
- Reiterates 2024 guidance: rev ~$8.75B, Adj EBITDA ~$2.70B, FCF ~$1.20B.