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Sirius XM | 10-Q: Q3 2024 Earnings Report

Sirius XM | 10-Q: Q3 2024 Earnings Report

Sirius XM | 10-Q:2024財年三季報
美股SEC公告 ·  2024/10/31 22:21

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Sirius XM reported a net loss of $2.96 billion in Q3 2024, primarily due to a $3.4 billion impairment charge related to goodwill and investments. Total revenue declined 4% year-over-year to $2.17 billion, with Sirius XM subscriber revenue down 5% to $1.51 billion and Pandora advertising revenue dropping 2% to $409 million.The company's subscriber base continued to shrink, with Sirius XM ending Q3 with 33.2 million subscribers, down 813,000 year-over-year. Self-pay subscriber net additions improved but remained negative at 14,000, while paid promotional subscribers decreased by 114,000. Average self-pay monthly churn held steady at 1.6%.Management maintained focus on operational efficiency with adjusted EBITDA of $693 million, down 7% year-over-year. The company generated free cash flow of $93 million and declared a quarterly dividend of $0.27 per share. Looking ahead, Sirius XM expects subscriber revenues to decrease due to declining average subscribers and subscription prices.
Sirius XM reported a net loss of $2.96 billion in Q3 2024, primarily due to a $3.4 billion impairment charge related to goodwill and investments. Total revenue declined 4% year-over-year to $2.17 billion, with Sirius XM subscriber revenue down 5% to $1.51 billion and Pandora advertising revenue dropping 2% to $409 million.The company's subscriber base continued to shrink, with Sirius XM ending Q3 with 33.2 million subscribers, down 813,000 year-over-year. Self-pay subscriber net additions improved but remained negative at 14,000, while paid promotional subscribers decreased by 114,000. Average self-pay monthly churn held steady at 1.6%.Management maintained focus on operational efficiency with adjusted EBITDA of $693 million, down 7% year-over-year. The company generated free cash flow of $93 million and declared a quarterly dividend of $0.27 per share. Looking ahead, Sirius XM expects subscriber revenues to decrease due to declining average subscribers and subscription prices.
Sirius XM在2024年第三季度報告淨虧損29.6億美元,主要由於與商譽和投資相關的34億美元減值支出。總營業收入同比下降4%,至21.7億美元,Sirius XM的訂閱用戶數收入下降5%,至15.1億美元,Pandora的廣告收入下降2%,至40900萬美元。該公司的訂閱用戶數持續減少,Sirius XM在第三季度末擁有3320萬訂閱用戶,同比減少813,000。自費訂閱用戶的淨新增有所改善,但仍爲負數,減少14,000,而付費促銷訂閱用戶減少了114,000。平均自費每月流失率保持在1.6%。管理層繼續關注運營效率,調整後的EBITDA爲69300萬美元,同比下降7%。公司生成了9300萬美元的自由現金流,並宣佈每股0.27美元的季度股息。展望未來,Sirius XM預計由於平均訂閱用戶數和訂閱價格下降,訂閱用戶數收入將減少。
Sirius XM在2024年第三季度報告淨虧損29.6億美元,主要由於與商譽和投資相關的34億美元減值支出。總營業收入同比下降4%,至21.7億美元,Sirius XM的訂閱用戶數收入下降5%,至15.1億美元,Pandora的廣告收入下降2%,至40900萬美元。該公司的訂閱用戶數持續減少,Sirius XM在第三季度末擁有3320萬訂閱用戶,同比減少813,000。自費訂閱用戶的淨新增有所改善,但仍爲負數,減少14,000,而付費促銷訂閱用戶減少了114,000。平均自費每月流失率保持在1.6%。管理層繼續關注運營效率,調整後的EBITDA爲69300萬美元,同比下降7%。公司生成了9300萬美元的自由現金流,並宣佈每股0.27美元的季度股息。展望未來,Sirius XM預計由於平均訂閱用戶數和訂閱價格下降,訂閱用戶數收入將減少。
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