SIRI Stock Forecast & Price Target

Sirius XM Holdings reported a significant 50% year-over-year increase in podcast revenue, reflecting its growing presence in the audio content sector. The total subscriber base reached approximately 32.8 million, suggesting stable customer retention alongside the introduction of a new lower-priced plan aimed at expanding its user base. Furthermore, advertising revenues showed positive momentum with growth exceeding expectations, indicating potential for improved average revenue per user (ARPU) in the near future.

Sirius XM Holdings reported an EBITDA of $668 million, reflecting a decline of 4.8% year-over-year, alongside total revenues which decreased by 1.8% to $2.138 billion, indicating challenges in maintaining subscriber growth and overall profitability. The subscription revenues also fell by 1.7% year-over-year to $1.629 billion, pointing to ongoing difficulties in sustaining revenue generation from its core business. Furthermore, the expectation of slight revenue declines due to anticipated subscriber losses in 2025 suggests a potentially unfavorable outlook for the company's financial health moving forward.