Sirius XM beats quarterly revenue estimates on steady sports livestreaming demand

Reuters
2025/01/30
Sirius XM beats quarterly revenue estimates on steady sports livestreaming demand

Jan 30 (Reuters) - Audio company Sirius XM SIRI.O exceeded fourth-quarter revenue estimates on Thursday, driven by steady demand for its live sports shows, which became popular over the 2024-2025 NBA season and the inaugural 12-team college football playoff last year.

The audio entertainment provider is also benefiting from its partnerships with car manufacturers including Toyota 7203.T and Lexus by securing in-car access, allowing car buyers to leverage free trial subscriptions to Sirius XM's satellite radio services.

The company launched its service in the fourth quarter in select Tesla TSLA.O and Rivian RIVN.O models, as part of each company's holiday update.

Sirius XM's self-pay subscribers rose 149,000 in the quarter ending Dec. 31, compared with a rise of 131,000 a year ago. Visible Alpha had estimated a 136,780 increase.

Its fourth-quarter churn, which is the rate of customers who stopped using its services, was 1.5% among self-pay users compared to 1.6% a year ago, while paid promotional subscribers declined by 79,000.

Sirius XM reported fourth-quarter revenue of $2.19 billion, marginally above analysts' average estimate of $2.17 billion, according to data compiled by LSEG.

Advertising revenue in the reported quarter was $477 million, above analysts' average expectation of $309.7 million.

The company posted a quarterly net profit of $287 million, compared with $228 million a year earlier.

(Reporting by Kritika Lamba in Bengaluru; Editing by Pooja Desai)

((Kritika.Lamba@thomsonreuters.com;))

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10