Sirius XM Reports Q3 2024 Earnings with Revenue Decline and Subscriber Growth
Sirius XM (SIRI) reported Q3 2024 earnings with a 4% year-over-year revenue decline to $2.17 billion, driven by lower subscriber and advertising revenue. The company added 14,000 self-pay subscribers, with improved retention, but faced challenges in advertising revenue due to factors like CTV supply and a shorter election cycle. Podcast revenue grew 6% year-over-year.
Tickers: $SIRI
Topics: Advertising ARPU Earnings EBITDA Gross Profit Podcast Revenue Revenue Segment Performance Subscriber Growth