Summary by Moomoo AI
Sirius XM Holdings Inc. reported its financial results for the second quarter of 2024 on August 1, 2024. The company announced a slight decrease in revenue to $2.18 billion, a 3% drop from the second quarter of 2023. Despite the revenue decline, net income rose to $316 million from $310 million in the previous year's quarter, with diluted earnings per share (EPS) remaining stable at $0.08. Adjusted EBITDA was reported at $702 million, showing an 8% improvement from the first quarter of 2024 and remaining flat year-over-year. The company also generated $343 million in free cash flow, a 6% increase from the same quarter in the previous year. Sirius XM's CEO Jennifer Witz expressed pride in the company's financial success and its focus on delivering value for listeners and...Show More