secwatch.observer — SEC 8-K summary
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Issuer:     SIRIUS XM HOLDINGS INC. (SIRI)
CIK:        0000908937
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0000908937-24-000019
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SiriusXM Q2 revenue $2.18B (-3% YoY), net income $316M, EPS $0.08 flat; reiterates FY guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/908937/000090893724000019/0000908937-24-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/908937/000090893724000019/siri-20240801.htm
  HTML page:      https://secwatch.observer/filing/0000908937-24-000019

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