secwatch.observer — SEC 8-K summary
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Issuer:     SIRIUS XM HOLDINGS INC. (SIRI)
CIK:        0000908937
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0000908937-24-000013
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SiriusXM Q1 revenue $2.16B (+1% YoY), EPS $0.07, Adj EBITDA $650M; reiterates 2024 outlook
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/908937/000090893724000013/0000908937-24-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/908937/000090893724000013/siri-20240430.htm
  HTML page:      https://secwatch.observer/filing/0000908937-24-000013

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer