Sirius XM Holdings Inc

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SKU: SIRI-1 Category:

Description

Sirius XM Holdings Inc. delivered a mixed set of results for the previous quarter with revenues well below analyst expectations but managed earnings beat. The flagship SiriusXM service attained around 34 million subscribers, with ongoing quarterly enhancements in self-pay net subscriptions. Despite vehicle-related turnovers, subscriber churn remained impressively low at 1.6%. The SiriusXM transformation journey persisted, preparing for the impending launch of their next-generation platform. Amid this investment phase, the resilient and profitable business model and substantial cash flow remained steadfast. The upcoming launch of new SiriusXM Streaming app is anticipated to drive continued subscriber acquisition and retention improvements. In addition to streaming, the in-car experience continued to drive current business success, with progress noted in technological innovations and extended agreements with automakers. The imminent debut of the 360L platform on the Android Automotive operating system promised advanced in-car personalization called “Ignition on recommendations.” This feature aimed to alleviate choice paralysis and enhance listeners’ content discovery upon starting the car. SiriusXM’s advertising business, particularly podcasting, emerged as a growth driver, surpassing 2022 sales in bookings for 2023.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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