secwatch.observer — SEC 8-K summary
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Issuer:     SIRIUS XM HOLDINGS INC. (SIRI)
CIK:        0000908937
Form:       8-K
Filed at:   2025-01-30T23:59:59+00:00
Accession:  0000908937-25-000004
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SiriusXM reports full-year 2024 net loss $2.08B on $3.36B impairment; reaffirms 2025 guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/908937/000090893725000004/0000908937-25-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/908937/000090893725000004/siri-20250130.htm
  HTML page:      https://secwatch.observer/filing/0000908937-25-000004

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