earnings
confidence high
sentiment neutral
materiality 0.70
SiriusXM Q2 revenue $2.18B (-3% YoY), net income $316M, EPS $0.08 flat; reiterates FY guidance
SIRIUS XM HOLDINGS INC.
2024-Q2 EPS reported
$0.15
revenue$4,340,000,000
- Revenue $2.18B, down 3% YoY; net income $316M vs $310M; diluted EPS $0.08 flat.
- Adjusted EBITDA $702M flat YoY (8% sequential improvement); margin 32%.
- SiriusXM subscribers fell 806K YoY to 33.3M; self-pay churn steady at 1.5%.
- Pandora & Off-Platform revenue $538M (+2%); ad revenue flat at $400M.
- Reaffirmed FY2024 guidance: revenue ~$8.75B, EBITDA ~$2.70B, FCF ~$1.20B; Liberty Media deal expected to close Sept 9.