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Sirius XM | 8-K: SiriusXM Reports Second Quarter 2024 Operating and Financial Results

Sirius XM | 8-K: SiriusXM Reports Second Quarter 2024 Operating and Financial Results

Sirius XM | 8-K：SiriusXM 公布 2024 年第二季度运营和财务业绩
美股SEC公告 ·  2024/08/01 08:01

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Sirius XM reported Q2 2024 revenue of $2.18 billion, down 3% YoY, while net income increased to $316 million from $310 million. The company recorded adjusted EBITDA of $702 million, flat YoY but up 8% QoQ. Total subscriber count declined to 33.3 million, with self-pay subscribers decreasing by 100,000 during the quarter.The SiriusXM segment revenue fell 5% to $1.6 billion due to a smaller self-pay subscriber base and lower ARPU, while Pandora and Off-platform revenue grew 2% to $538 million. Cost optimization efforts resulted in reduced operating expenses across multiple categories, with the company on track to achieve $200 million in cost savings for 2024.The company reiterated its full-year 2024 guidance, projecting revenue of approximately $8.75 billion, adjusted EBITDA of $2.70 billion, and free cash flow of $1.20 billion. The pending Liberty Media transaction is expected to close after market hours on September 9, 2024, which may impact future free cash flow guidance.
Sirius XM reported Q2 2024 revenue of $2.18 billion, down 3% YoY, while net income increased to $316 million from $310 million. The company recorded adjusted EBITDA of $702 million, flat YoY but up 8% QoQ. Total subscriber count declined to 33.3 million, with self-pay subscribers decreasing by 100,000 during the quarter.The SiriusXM segment revenue fell 5% to $1.6 billion due to a smaller self-pay subscriber base and lower ARPU, while Pandora and Off-platform revenue grew 2% to $538 million. Cost optimization efforts resulted in reduced operating expenses across multiple categories, with the company on track to achieve $200 million in cost savings for 2024.The company reiterated its full-year 2024 guidance, projecting revenue of approximately $8.75 billion, adjusted EBITDA of $2.70 billion, and free cash flow of $1.20 billion. The pending Liberty Media transaction is expected to close after market hours on September 9, 2024, which may impact future free cash flow guidance.
Sirius XM报告2024年第二季度营业收入为21.8亿美金，同比下降3%，而净利润则从31000万增加到31600万。公司录得调整后的EBITDA为70200万，同比持平，但环比增长8%。总订阅用户数下降至3330万，自付费订阅用户在季度内减少了100,000。Sirius XM部门的营业收入下降5%，至16亿美金，原因是自付费订阅用户基础减少以及每用户平均收入降低，而Pandora和平台外的收入增长2%，达到53800万。成本优化努力导致多个类别的营业费用减少，公司预计到2024年将实现20000万的成本节省。公司重申其2024年度的整体指导，预计营业收入约为87.5亿美金，调整后的EBITDA为27亿美金，自由现金流为12亿美金。待定的Liberty Media交易预计将在2024年9月9日市场关闭后完成，这可能会影响未来自由现金流的指导。
Sirius XM报告2024年第二季度营业收入为21.8亿美金，同比下降3%，而净利润则从31000万增加到31600万。公司录得调整后的EBITDA为70200万，同比持平，但环比增长8%。总订阅用户数下降至3330万，自付费订阅用户在季度内减少了100,000。Sirius XM部门的营业收入下降5%，至16亿美金，原因是自付费订阅用户基础减少以及每用户平均收入降低，而Pandora和平台外的收入增长2%，达到53800万。成本优化努力导致多个类别的营业费用减少，公司预计到2024年将实现20000万的成本节省。公司重申其2024年度的整体指导，预计营业收入约为87.5亿美金，调整后的EBITDA为27亿美金，自由现金流为12亿美金。待定的Liberty Media交易预计将在2024年9月9日市场关闭后完成，这可能会影响未来自由现金流的指导。
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