Sirius XM Revenue Outlook Misses Expectations, Stock Slides

GuruFocus.com12-11

Sirius XM Holdings (SIRI, Financials) saw its stock price dip 12% on Tuesday to $25.27 following a revised revenue forecast for 2025 that fell short of market expectations. Projected full-year income...

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This news reinforced already existing difficulties, including Monday's stock price drop.GuruFocus has detected 3 Warning Signs with SIRI.Particularly in its subscriber base, the company's financial situation shows continuous difficulty to sustain growth. Third-quarter performance for Sirius XM revealed a 4.4% year-over-year revenue drop to $2.17 billion. Driven by a $3.36 billion non-cash impairment charge connected to a deal with Liberty Media, a notable net loss of $2.96 billion was reported. Reuters also reports that the business changed its 2024 income forecast from the previous estimate of $8.75 billion to $8.68 billion.Targeting a leverage ratio of 3.6x by year-end, Sirius XM declared intentions t","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"XM":"Qualtrics International","SIRI":"Sirius XM Holdings Inc."},"translate_title":"Sirius XM收入前景未达预期，股价下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SIRI":1,"XM":1},"content_text":"Sirius XM Holdings (SIRI, Financials) saw its stock price dip 12% on Tuesday to $25.27 following a revised revenue forecast for 2025 that fell short of market expectations. \nProjected full-year income of $8.5 billion by the audio entertainment giant was lower than Wall Street's projection of $8.74 billion. This news reinforced already existing difficulties, including Monday's stock price drop.\n\nWarning! GuruFocus has detected 3 Warning Signs with SIRI.\n\nParticularly in its subscriber base, the company's financial situation shows continuous difficulty to sustain growth. Third-quarter performance for Sirius XM revealed a 4.4% year-over-year revenue drop to $2.17 billion. Driven by a $3.36 billion non-cash impairment charge connected to a deal with Liberty Media, a notable net loss of $2.96 billion was reported. Reuters also reports that the business changed its 2024 income forecast from the previous estimate of $8.75 billion to $8.68 billion.\nTargeting a leverage ratio of 3.6x by year-end, Sirius XM declared intentions to cut debt by $700 million in 2025, thereby addressing its financial challenges. Focusing on its core in-car services rather than app-based streaminga move meant to better engage its main subscriber basethe business has named Wayne Thorsen as its new Chief Operating Officer to oversee a strategic turn-about.\nNotwithstanding these obstacles, Sirius XM has a significant presence in the audio entertainment sector with satellite radio services, music streaming via Pandora, and a solid podcast network. However, due to recent struggles, the stock is down around 54% in the year thus far.This article first appeared on \nGuruFocus.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2490004706"}