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SiriusXM (NASDAQ:SIRI) Forecasts USD 8.75Bn Revenue, USD 2.70Bn Adjusted EBITDA for FY24
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Highlights
Sirius XM Holdings Inc. (NASDAQ: SIRI) is an audio entertainment company. operating in two segments: Sirius XM and Pandora and Off-platform.
In the second quarter of FY24, the company's total revenue decreased by approximately 3.20%, primarily due to a decline in subscriber revenue. Net profit for the period fell by 1.26%, as a result of reduced revenue, though this was partially offset by lower total operating expenses. Operating cash flows saw a 2.62% increase.
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