earnings
confidence high
sentiment negative
materiality 0.75
SiriusXM reports full-year 2024 net loss $2.08B on $3.36B impairment; reaffirms 2025 guidance
SIRIUS XM HOLDINGS INC.
2024-FY EPS reported
-$6.14
revenue$8,699,000,000
- Full-year 2024 revenue $8.70B (-3% YoY); Q4 revenue $2.19B (-4% YoY).
- Full-year net loss $2.08B due to $3.36B non-cash goodwill impairment; Q4 net income $287M ($0.83 diluted EPS).
- Full-year adjusted EBITDA $2.73B (-2% YoY); margin 31%; free cash flow $1.015B.
- SiriusXM self-pay subs fell 296K in 2024 but Q4 added 149K; self-pay monthly churn improved to 1.5%.
- Reaffirmed 2025 guidance: revenue ~$8.5B, adjusted EBITDA ~$2.6B, free cash flow ~$1.15B.