SiriusXM Sees FY25 Revenue $8.5B, Adj EBITDA Of $2.6B, And Free Cash Flow Of $1.15B
SiriusXM Sees FY25 Revenue $8.5B, Adj EBITDA Of $2.6B, And Free Cash Flow Of $1.15B
2025 Outlook
2025 年展望
In conjunction with today's update, SiriusXM is providing 2025 guidance for total revenue of $8.5 billion, adjusted EBITDA of $2.6 billion, and free cash flow of $1.15 billion. This follows the Company's reaffirmation of its 2024 guidance for total revenue of approximately $8.675 billion, adjusted EBITDA of approximately $2.7 billion, and free cash flow of approximately $1 billion. Aligned with its enhanced focus on free cash flow, the Company expects free cash flow conversion, free cash flow as a percentage of EBITDA, to increase from approximately 37% in 2024 to approximately 44% in 2025. Additionally, the Company is targeting free cash flow of $1.5 billion in 2027.
結合今天的最新消息,SiriusXM提供的2025年總收入爲85億美元,調整後的息稅折舊攤銷前利潤爲26億美元,自由現金流爲11.5億美元。在此之前,該公司重申了其2024年的指導方針,即總收入約爲86.75億美元,調整後的息稅折舊攤銷前利潤約爲27億美元,自由現金流約爲10億美元。爲了更加關注自由現金流,該公司預計自由現金流轉換,即自由現金流佔息稅折舊攤銷前利潤的百分比,將從2024年的約37%增加到2025年的約44%。此外,該公司的目標是到2027年實現15億美元的自由現金流。
The Company excludes from adjusted EBITDA the impact of other income (expense), gain on extinguishment of debt, impairment, restructuring and other costs, other non-cash charges such as share-based payment expense, and legal settlements and reserves (if applicable). Similarly, free cash flow does not include certain items that do not relate to the on-going performance of the Company's business, such as cash flows related to acquisitions, strategic and short-term investments, including tax efficient investments in clean energy. Free cash flow may also be negatively impacted by legal settlements which are excluded from adjusted EBITDA.
公司在調整後的息稅折舊攤銷前利潤中不包括其他收入(支出)、債務清償收益、減值、重組和其他成本、其他非現金費用(例如基於股份的支付費用)以及法律和解和儲備金(如果適用)的影響。同樣,自由現金流不包括與公司持續業務表現無關的某些項目,例如與收購相關的現金流、戰略和短期投資,包括對清潔能源的節稅投資。自由現金流也可能受到法律和解的負面影響,這些和解不包括在調整後的息稅折舊攤銷前利潤中。
Adjusted EBITDA and free cash flow are non-GAAP financial measures. The Company has not provided a reconciliation of adjusted EBITDA to projected net income (loss) or free cash flow to net cash provided by operating activities because full-year net income (loss) and net cash provided by operating activities will include special items that have not occurred and are difficult to predict with reasonable certainty. Due to this uncertainty, the Company cannot reconcile adjusted EBITDA and free cash flow to their comparable GAAP measures without unreasonable effort.
調整後的息稅折舊攤銷前利潤和自由現金流是非公認會計准則財務指標。公司沒有提供調整後息稅折舊攤銷前利潤與預計淨收益(虧損)或自由現金流與經營活動提供的淨現金的對賬表,因爲全年淨收益(虧損)和經營活動提供的淨現金將包括尚未發生且難以合理確定地預測的特殊項目。由於這種不確定性,如果沒有不合理的努力,公司無法將調整後的息稅折舊攤銷前利潤和自由現金流與可比的GAAP指標進行調節。