Sirius XM’s Q3 Earnings Show Revenue Decline But Subscriber Base Holds Steady

Sirius XM Holdings Inc (NASDAQ: SIRI) reported a 4% decline in revenue for the fiscal third quarter of 2024, missing analyst expectations. However, the company’s adjusted EPS exceeded estimates, and subscriber revenue remained relatively stable. The decline in revenue was attributed to a decrease in self-pay subscribers and lower average revenue per user. Despite the challenges, Sirius XM’s outlook for the full year remains positive, with the company maintaining its adjusted EBITDA and free cash flow targets.

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