share_log

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

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

Sirius XM | 8-K：SiriusXM 公布 2024 年第三季度运营和财务业绩
美股SEC公告 ·  2024/10/31 20:00

Moomoo AI 已提取核心信息

Sirius XM reported Q3 2024 total revenue of $2.17B, down 4% YoY, with a net loss of $2.96B primarily due to a $3.36B non-cash impairment charge related to the Liberty Media transaction. The company maintained adjusted EBITDA of $693M with a 32% margin, though down 7% YoY. Self-pay subscriber additions were 14,000 in Q3, showing improvement from prior quarters.The company reduced its full-year 2024 revenue guidance to $8.675B due to softer advertising revenue, while reaffirming adjusted EBITDA guidance of $2.7B and free cash flow of $1B. Q3 free cash flow was $93M, impacted by $72M in transaction-related costs. The Pandora segment saw podcast advertising revenue grow 6%, though monthly active users declined 6% YoY to 43.7M.CEO Jennifer Witz highlighted progress in transforming SiriusXM post-Liberty transaction, focusing on strengthening subscriptions and advertising offerings. CFO Tom Barry noted the company remains on track to achieve $200M in cost savings for 2024 through optimization efforts, while maintaining strong margins despite revenue headwinds.
Sirius XM reported Q3 2024 total revenue of $2.17B, down 4% YoY, with a net loss of $2.96B primarily due to a $3.36B non-cash impairment charge related to the Liberty Media transaction. The company maintained adjusted EBITDA of $693M with a 32% margin, though down 7% YoY. Self-pay subscriber additions were 14,000 in Q3, showing improvement from prior quarters.The company reduced its full-year 2024 revenue guidance to $8.675B due to softer advertising revenue, while reaffirming adjusted EBITDA guidance of $2.7B and free cash flow of $1B. Q3 free cash flow was $93M, impacted by $72M in transaction-related costs. The Pandora segment saw podcast advertising revenue grow 6%, though monthly active users declined 6% YoY to 43.7M.CEO Jennifer Witz highlighted progress in transforming SiriusXM post-Liberty transaction, focusing on strengthening subscriptions and advertising offerings. CFO Tom Barry noted the company remains on track to achieve $200M in cost savings for 2024 through optimization efforts, while maintaining strong margins despite revenue headwinds.
Sirius XM报告2024年第三季度总营业收入为$21.7亿，同比下降4%，净亏损为$29.6亿，主要由于与Liberty Media交易相关的$33.6亿非现金减值费用。公司保持了$69300万的调整后的EBITDA，利润率为32%，但同比下降7%。第三季度的自付费订阅用户增加了14,000名，显示出比之前几个季度的改善。由于广告收入疲软，公司将2024全年营业收入指引下调至$86.75亿，同时重申调整后的EBITDA指引为$27亿，自由现金流为$10亿。第三季度自由现金流为$9300万，受到$7200万交易相关成本的影响。Pandora部门的播客广告收入增长了6%，不过月活跃用户数同比...展开全部
Sirius XM报告2024年第三季度总营业收入为$21.7亿，同比下降4%，净亏损为$29.6亿，主要由于与Liberty Media交易相关的$33.6亿非现金减值费用。公司保持了$69300万的调整后的EBITDA，利润率为32%，但同比下降7%。第三季度的自付费订阅用户增加了14,000名，显示出比之前几个季度的改善。由于广告收入疲软，公司将2024全年营业收入指引下调至$86.75亿，同时重申调整后的EBITDA指引为$27亿，自由现金流为$10亿。第三季度自由现金流为$9300万，受到$7200万交易相关成本的影响。Pandora部门的播客广告收入增长了6%，不过月活跃用户数同比下降6%，降至4370万。首席执行官Jennifer Witz强调了在Liberty交易后转型Sirius XM的进展，专注于加强订阅和广告产品。首席财务官Tom Barry指出，公司仍在计划在2024年通过优化措施实现$20000万的成本节省，同时在营业收入面临压力的情况下保持强劲的利润率。

该公告为独立文件：

独立文件1  查看翻译

独立文件2  查看翻译

声明：本内容仅用作提供资讯及教育之目的，不构成对任何特定投资或投资策略的推荐或认可。 更多信息
    相关股票 相关股票
    代码 迷你走势 最新价
    Roku Inc
    ROKU
    -- 99.070
    Mega Matrix
    MPU
    -- 1.040
    Kartoon Studios
    TOON
    -- 0.598
    派拉蒙环球-B
    PARA
    -- 11.300
    虎牙
    HUYA
    -- 3.880
    解锁完整榜单
    热门讨论
    特朗普2.0时代开启，全球市场会如何演变？
    🎙️讨论： 1. 关税政策将如何影响美股、黄金、比特币等核心资产的走势？ 2. 在此背景下，有哪些投资机会值得关注？你会如何布局？ 展开
    MicroStrategy 2024年第四季度业绩电话会
    重估中国资产
    继中国开创性的DeepSeek技术推出之后， 华尔街大行重估对中国市场的投资前景。