Industry/Company * **Company**: Sirius XM Holdings Inc. (NASDAQ: SIRI) * **Industry**: Cable, Satellite and Telecom Core Points and Arguments 1. **Growth Strategy**: Sirius XM is focusing on three key priorities for long-term growth: * Enhancing the consumer experience to drive future subscriber growth. * Capitalizing on opportunities in the ad business. * Driving efficiencies across the business to improve financial performance. [2] 2. **Enhancing Subscription Value**: * Investing in exclusive content, new brand platforms, and tech capabilities to attract new audiences. * Launching a new streaming platform and app with enhanced personalization, discovery, and control features. * Testing new pricing and packaging options for in-car business. [2] 3. **Ad Business**: * Leveraging a strong sales force, leading-edge technology, and audio talent to attract advertisers. * Investing in podcasting to enhance the ability to bring advertisers into the streaming and podcast network. [3] 4. **Efficiencies**: * Rationalizing the real estate portfolio and bringing marketing teams together for a better go-to-market strategy. * Investing in AI to enhance productivity and improve the customer experience. [4] 5. **Streaming Platform**: * Launched in December 2023, with a new price point of $9.99 to appeal to younger audiences. * Seeing positive leading indicators, including increased days listening and broader content access. [6][8] 6. **360L**: * 3 million self-pay customers and 12 million total 360L cars on the road. * Seeing better conversion rates, retention, and ARPU among 360L customers. * Expecting 360L to be in about 75% of new car trial starts within three years. [16][24] 7. **Podcasting**: * Investing in podcasting as a key area of incremental content investment. * Building a strong position in podcasting through talent relationships, distribution strategy, and technology. [33] 8. **Financials**: * Run rate cost savings of $45 million in 1Q '24, with a target of $200 million annually. * Focused on driving revenue growth and maintaining EBITDA margins. [34][36] 9. **AI**: * Implementing AI for productivity enhancements, cost efficiencies, and improved customer service. * Using AI for sales and marketing, customer service, and product recommendations. [38][40] 10. **Capital Expenditures (CapEx)**: * Peak CapEx in 2024, with satellite spend expected to drop significantly by 2028. * Non-satellite spend expected to remain elevated in 2025 before normalizing in 2026 and beyond. [42][43][44] 11. **Leverage**: * Targeting a leverage ratio of low to mid-3s in the back half of 2025. * Potential for share buybacks post deal if there is market dislocation. [45] 12. **Audible Deal**: * In process, with the first phase expected to be rolled out later this month or early June. [47] Other Important Points * Sirius XM is focused on improving the customer experience and providing more package choice. * The company is investing in technology and AI to enhance productivity and improve the customer experience. * Sirius XM is well-positioned for growth in the long term due to its strong content portfolio, distribution channels, and financial position.

The satellite radio veteran offers a generous dividend yield of 3.5% today. Why is it that high, and how much will the company spend on dividend checks in 2024?Satellite radio operator Sirius XM (SIRI -1.31%) has a generous dividend policy. The company started sending out quarterly dividend payments in November 2016 and has raised the payout in each November announcement since then.Today, the forward dividend yield is 3.5%. The digital media icon has never been a member of the S&P 500 (^GSPC 0.12%) index, b ...

Meme stocks are in the news, so let's talk about one of the original meme stocks that has grown up for better or worse.With meme stocks in the news this week it's a good time to revisit a similar battleground investment that dominated the online discussion board chatter a generation ago. It's been nearly eight years since the monthly trading volume of Sirius XM Holdings (SIRI 1.11%) topped 1 billion shares, and a dozen years before that it was a hotly contested penny stock.The satellite radio provider has g ...

Warren Buffett has a large position in Sirius XM, which is down 44% so far this year.Warren Buffett is one of the most well-known investors in history. The Oracle of Omaha has made a fortune in the stock market, but Buffett's investing strategy is actually really simple.Buffett invests in blue-chip companies that generate strong, predictable cash flow. Some of the largest positions in Berkshire Hathaway's stock portfolio include Apple, American Express, and Coca-Cola.One company that you may be less familia ...

Wall Street Thinks This Warren Buffett Stock Pick Has 27% Upside Bigc Studio / Shutterstock.com When Warren Buffett and Berkshire Hathaway Inc. (NYSE: BRK-A) part with shares of Apple Inc. (NASDAQ: AAPL), the largest stake in the Berkshire portfolio, it makes headlines. Of course it does. The so-called Oracle of Omaha is probably the best-known investor in the world, certainly one of the most successful. Millions of investors and aspiring investors still hang on his every word. So, is it time to dump Appl ...

Group 1 - SiriusXM's CEO, Jennifer Witz, will represent the company at the 52nd Annual JP Morgan Global Technology, Media and Communications Conference on May 21, 2024 [1] - The event will take place at The Westin Boston Seaport District Hotel, Boston, MA, at 10:50 am ET [1] - A live webcast of the presentation will be available on the SiriusXM Investor Relations website, with a replay accessible shortly after the event [1] Group 2 - SiriusXM is the leading audio entertainment company in North America, offering a portfolio that includes its flagship subscription service, Pandora, a podcast network, and various business solutions [2] - The company reaches a combined monthly audience of approximately 150 million listeners, providing a diverse mix of content across music, talk, news, and sports [2] - For more information about SiriusXM, the company directs interested parties to its website [2]

Sirius XM Holdings (SIRI) reported first-quarter 2024 earnings of 7 cents per share, which beat the Zacks Consensus Estimate by 16.67% and remained flat year over year.Total revenues on a reported basis gained 0.8% year over year to $2.16 billion and beat the consensus mark by 1.32%.Subscriber revenues (77.7% of total revenues) declined 0.7% from the year-ago quarter to $1.68 billion. The figure beat the Zacks Consensus Estimate by 1%.Meanwhile, advertisement revenues (18.6%) increased 7.2% year over year t ...

Shares of the satellite radio operator pulled back on a middling earnings report.Shares of SiriusXM Radio (SIRI -7.26%) were pulling back today, after the satellite radio provider posted middling results in its first-quarter earnings report. Though it topped revenue estimates, full-year guidance was below expectations, and underlying growth remained weak.As a result, the stock was down 4.9% as of 12:27 p.m. ET. Sirius struggles to growSirius continued to lose self-pay subscribers, falling 359,000 to 33 mill ...

Sirius XM (SIRI) reported $2.16 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 0.8%. EPS of $0.07 for the same period compares to $0.06 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.13 billion, representing a surprise of +1.32%. The company delivered an EPS surprise of +16.67%, with the consensus EPS estimate being $0.06.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...

Meme stock investors may fear their holdings grow up to be Sirius XM, but things could be worse.One of the market's most contested battleground stocks a decade ago has become more of a sleepy historical landmark. Sirius XM Holdings (SIRI -4.57%) reported its first-quarter results on Tuesday morning. If you missed the news, it's because the country's lone satellite radio provider isn't as widely followed as it used to be.Sirius XM's trading volume in April has been roughly a quarter of what it was in the sam ...