SiriusXM: Launch of New Ad-Supported Tiers to Diversify Revenue Streams; What’s The Long-Term Impact?

SiriusXM released its Q1 2025 financial results, indicative of the company’s navigation through a challenging economic environment with a focus on its core in-car audience and new strategic direction. The company’s revenue for the quarter was $2.07 billion, marking a 4% decrease compared to the prior year, reflecting both subscriber base contractions and softer advertising trends. Net income amounted to $204 million, and adjusted EBITDA was reported at $629 million, both showing slight declines from the previous year. Free cash flow was reported at $56 million, affected by increased capital expenditures and lower cash receipts.