Sirius XM Holdings: Advertising & Podcast Growth Fueling Our Optimism! 

SiriusXM recently concluded its fourth-quarter and full-year 2024 earnings call, providing insights into the company’s performance and strategic direction. The results highlight a mix of achievements and challenges that shape the company’s position moving into 2025. Firstly, SiriusXM reported a total revenue of $8.7 billion for 2024, with adjusted EBITDA at $2.73 billion and free cash flow exceeding $1 billion. This performance was in line with the company’s guidance and reflected continued resilience in its core subscription model. Notably, the company added approximately 150,000 self-pay subscribers in the fourth quarter, even though the overall self-pay subscriber base declined by less than 300,000 year-over-year, indicating a recovery trend compared to 2023.