We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Sirius XM's Q1 Earnings Miss Estimates, Revenues Decline Y/Y
Read MoreHide Full Article
Sirius XM Holdings (SIRI - Free Report) reported first-quarter 2025 earnings of 59 cents per share, which missed the Zacks Consensus Estimate of 70 cents. The company reported earnings of 63 cents per share in the year-ago quarter.
Total revenues, on a reported basis, declined 4.3% year over year to $2.06 billion and missed the consensus mark by 0.72%.
Subscriber revenues (77.5% of total revenues) declined 4.6% from the year-ago quarter to $1.602 billion, missing the Zacks Consensus Estimate by 0.25%.
Meanwhile, advertisement revenues (19.1% of total revenues) decreased 2% year over year to $394 million. The figure missed the Zacks Consensus Estimate by 0.61%.
Equipment revenues (2% of total revenues) decreased 18% year over year to $41 million. The figure missed the Zacks Consensus Estimate by 9.81%.
Other revenues (1.5% of total revenues) increased 3.3% year over year to $31 million and beat the Zacks Consensus Estimate by 5.14%.
See the Zacks Earnings Calendar to stay ahead of market-making news.
Sirius XM Holdings Inc. Price, Consensus and EPS Surprise
The Sirius XM Standalone segment’s revenues (76.5% of total revenues) were $1.58 billion, down 5.2% year over year.
Total subscriber base declined 1.7% year over year to 32.86 million, beating the Zacks Consensus Estimate by 0.01%.
Revenues declined due to a 5% drop in subscriber revenues, which amounted to $1.47 billion. Advertising revenues were $39 million, down 2.5% year over year. Equipment revenues declined 18% year over year to $41 million. Other revenues increased 3.3% year over year to $31 million.
Self-pay subscribers increased 3% year over year to 31.34 million. Net subscriber loss in the reported quarter was 362K compared with a net loss of 445K in the year-ago period.
Average revenue per user amounted to $14.86, down 3.3% year over year. The figure missed the Zacks Consensus Estimate by 1.33%.
Pandora & OFF Platform Details
Pandora and OFF platform’s revenues (23.5% of total revenues) declined 1.6% year over year to $487 million, owing to a 1.9% decrease in advertising revenues, which totaled $355 million. Subscriber revenues decreased 0.8% year over year to $132 million.
Self-pay subscribers of the Pandora Plus and Pandora Premium services decreased 287K in the first quarter of 2025 to end the period at 5.7 million.
Total ad-supported listener hours were 2.35 billion in the first quarter, down 5.6% year over year. Advertising revenue per thousand listener hours was $87.23, which decreased 4% year over year.
SIRI’s Operating Details
In the first quarter, total operating expenses decreased 4.1% year over year to $1.68 billion.
Adjusted EBITDA declined 3.2% year over year to $629 million.
Balance Sheet & Cash Flow of SIRI
As of March 31, 2024, cash and cash equivalents were $127 million compared with $162 million as of Dec. 31, 2024.
Long-term debt, as of March 31, 2025, was $10.4 billion compared with $10.3 billion as of Dec. 31, 2024.
For the first quarter, cash flow from operations was $242 million compared with $264 million in the year-ago quarter.
Free cash flow was $56 million for the reported quarter, down from $88 million reported in the prior-year period.
2025 Guidance
Revenues are expected to be $8.5 billion. Adjusted EBITDA is projected to be $2.6 billion. Free cash flow is expected to be $1.15 billion.
Zacks Rank & Stocks to Consider
Currently, Sirius XM carries a Zacks Rank #3 (Hold).
Image: Bigstock
Sirius XM's Q1 Earnings Miss Estimates, Revenues Decline Y/Y
Sirius XM Holdings (SIRI - Free Report) reported first-quarter 2025 earnings of 59 cents per share, which missed the Zacks Consensus Estimate of 70 cents. The company reported earnings of 63 cents per share in the year-ago quarter.
Total revenues, on a reported basis, declined 4.3% year over year to $2.06 billion and missed the consensus mark by 0.72%.
Subscriber revenues (77.5% of total revenues) declined 4.6% from the year-ago quarter to $1.602 billion, missing the Zacks Consensus Estimate by 0.25%.
Meanwhile, advertisement revenues (19.1% of total revenues) decreased 2% year over year to $394 million. The figure missed the Zacks Consensus Estimate by 0.61%.
Equipment revenues (2% of total revenues) decreased 18% year over year to $41 million. The figure missed the Zacks Consensus Estimate by 9.81%.
Other revenues (1.5% of total revenues) increased 3.3% year over year to $31 million and beat the Zacks Consensus Estimate by 5.14%.
See the Zacks Earnings Calendar to stay ahead of market-making news.
Sirius XM Holdings Inc. Price, Consensus and EPS Surprise
Sirius XM Holdings Inc. price-consensus-eps-surprise-chart | Sirius XM Holdings Inc. Quote
Sirius XM Standalone Details
The Sirius XM Standalone segment’s revenues (76.5% of total revenues) were $1.58 billion, down 5.2% year over year.
Total subscriber base declined 1.7% year over year to 32.86 million, beating the Zacks Consensus Estimate by 0.01%.
Revenues declined due to a 5% drop in subscriber revenues, which amounted to $1.47 billion. Advertising revenues were $39 million, down 2.5% year over year. Equipment revenues declined 18% year over year to $41 million. Other revenues increased 3.3% year over year to $31 million.
Self-pay subscribers increased 3% year over year to 31.34 million. Net subscriber loss in the reported quarter was 362K compared with a net loss of 445K in the year-ago period.
Average revenue per user amounted to $14.86, down 3.3% year over year. The figure missed the Zacks Consensus Estimate by 1.33%.
Pandora & OFF Platform Details
Pandora and OFF platform’s revenues (23.5% of total revenues) declined 1.6% year over year to $487 million, owing to a 1.9% decrease in advertising revenues, which totaled $355 million. Subscriber revenues decreased 0.8% year over year to $132 million.
Self-pay subscribers of the Pandora Plus and Pandora Premium services decreased 287K in the first quarter of 2025 to end the period at 5.7 million.
Total ad-supported listener hours were 2.35 billion in the first quarter, down 5.6% year over year. Advertising revenue per thousand listener hours was $87.23, which decreased 4% year over year.
SIRI’s Operating Details
In the first quarter, total operating expenses decreased 4.1% year over year to $1.68 billion.
Adjusted EBITDA declined 3.2% year over year to $629 million.
Balance Sheet & Cash Flow of SIRI
As of March 31, 2024, cash and cash equivalents were $127 million compared with $162 million as of Dec. 31, 2024.
Long-term debt, as of March 31, 2025, was $10.4 billion compared with $10.3 billion as of Dec. 31, 2024.
For the first quarter, cash flow from operations was $242 million compared with $264 million in the year-ago quarter.
Free cash flow was $56 million for the reported quarter, down from $88 million reported in the prior-year period.
2025 Guidance
Revenues are expected to be $8.5 billion. Adjusted EBITDA is projected to be $2.6 billion. Free cash flow is expected to be $1.15 billion.
Zacks Rank & Stocks to Consider
Currently, Sirius XM carries a Zacks Rank #3 (Hold).
Atlanta Braves Holdings, Inc. (BATRK - Free Report) , Fox (FOXA - Free Report) and Gray Media Inc. (GTN - Free Report) are some better-ranked stocks that investors can consider in the Zacks Consumer Discretionary sector. BATRK, FOXA and GTN carry a Zacks Rank #2 (Buy) each at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Shares of BATRK have gained 4.1% year to date. IT is set to report first-quarter 2025 results on May 12.
Shares of Fox have inched up 1.3% year to date. FOXA is slated to report third-quarter fiscal 2025 results on May 12.
Shares of GTN have gained 6.1% year to date. It is set to report first-quarter 2025 results on May 8.