SiriusXM Reports Improved Subscriber Trends and Strong Cash Flow in Q1 Earnings Call
SiriusXM reported first-quarter results with $2.09 billion in revenue, a 1% year-over-year increase, alongside adjusted EBITDA growth of ~6%. Free cash flow more than tripled to $171 million and the company reaffirmed its full-year guidance for flat revenue and stable adjusted EBITDA. Subscriber churn improved significantly while advertising revenue grew by 3%, driven largely by a surge in podcast ad sales.
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