SiriusXM appoints Wayne Thorsen COO; issues 2025 guidance with $8.5B revenue and $1.15B FCF

SIRIUS XM HOLDINGS INC.

Wayne Thorsen named EVP & COO effective Dec 16; oversees product, tech, commercial, strategy; $1.15M salary, $700k sign-on, $4.5M in RSUs.
Joseph Inzerillo steps down as Chief Product & Technology Officer immediately; no disagreement.
2025 guidance: revenue $8.5B, adj EBITDA $2.6B, FCF $1.15B; 2027 FCF target $1.5B.
Targeting incremental $200M annualized savings exiting 2025; expects ~$700M debt reduction in 2025 to 3.6x leverage.
Dividend maintained at $0.27/quarter; $1.166B buyback authorization remains in place.

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