- Sirius XM maintains its forecast for the full year:
- Revenue: About $8.75 billion
- Free Cash Flow: About $1.20 billion
- Adjusted EBITDA: About $2.70 billion
- Second Quarter Results:
- Revenue: $2.18 billion, a -3.2% decrease year-over-year
- SiriusXM Segment Revenue: $1.64 billion, a -4.8% decrease year-over-year
- Pandora Revenue: $538.0 million, a +1.9% increase year-over-year
- Adjusted EBITDA: $702.0 million, matching the previous year
- EPS: 8.0 cents, unchanged from the previous year
- Subscriber Information:
- SiriusXM Self-Pay Subscribers: 31.48 million, a -1.3% decrease year-over-year
- Pandora Self-Pay Subscribers: 5.95 million, a -4.5% decrease year-over-year
- SiriusXM Segment ARPU: $15.24, a -2.7% decrease year-over-year
- Company Comments:
- Free cash flow guidance for 2024 will be revised following the Liberty Media transaction.
- Expect free cash flow to reduce due to transaction expenses and additional interest expense.
- The transaction with Liberty Media is expected to close on September 9th after the market closes.
- Targeting long-run leverage of mid-to-low three times adjusted EBITDA.
- Market Reaction: Shares rise 3.2% in pre-market trading to $3.560 on 3,675 shares traded.
- Analyst Ratings:
- 6 buys, 5 holds, and 2 sells.
Sirius Xm Holdings on Smartkarma
On Smartkarma, analysts from Baptista Research provide valuable insights into Sirius XM Holdings. In their report titled “Sirius XM Holdings: Improving Conversion,” they highlight the company’s strong financial performance for the first quarter of 2024. With a 7% year-over-year increase in advertising revenue to over $400 million, driven by a growing addressable advertising audience, SiriusXM showed resilience despite a slight 1% drop in subscription revenue. The firm’s adjusted EBITDA also saw positive growth, up 4% year over year with a margin of 30%, signaling promising developments in the market.
Furthermore, Baptista Research‘s analysis “Sirius XM Holdings Inc: Flexible Pricing and Packaging & 5 Catalysts For Future Growth! – Major Drivers” delves into the company’s robust operating and financial performance in 2023. SiriusXM exceeded expectations during the year, surpassing its adjusted EBITDA and free cash flow targets. This optimistic outlook, coupled with strategic pricing and packaging initiatives, positions Sirius XM Holdings for potential growth opportunities in the future, as outlined by the analysts at Baptista Research on Smartkarma.
A look at Sirius Xm Holdings Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 0 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 5 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores for Sirius Xm Holdings, the company shows a positive long-term outlook. With high scores in Growth and Resilience, Sirius Xm Holdings is positioned well for future expansion and stability. The company’s strong Dividend score also indicates its commitment to rewarding shareholders. Additionally, the company’s focus on providing a variety of commercial-free audio channels, including music, news, sports, and talk, reinforces its appeal to a wide audience.
Sirius XM Holdings Inc., known for broadcasting commercial-free audio channels via satellites, is showing resilience and growth potential according to the Smartkarma Smart Scores. The high scores in Growth and Resilience suggest that the company is well-equipped to navigate future challenges and capitalize on opportunities in the audio streaming industry. With its diverse offerings and focus on subscriber satisfaction through monthly subscription services, Sirius XM Holdings is poised for continued success in the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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