Sirius XM rises on Q4 revenue beats expectations

Sirius XM Holdings

30/01/2025 14:45

** Shares of audio entertainment company Sirius XM  SIRI.O 
rise 3.7% to $22.65 in early trading
    ** Co reports Q4 revenue of $2.19 bln, marginally beating
ests. of $2.17 bln - LSEG
    ** Live streaming of sports events like 2024-2025 NBA and
partnerships with automakers helped co drive positive results
for the quarter
    ** SIRI self-pay subscribers rose 149,000 in Q4, compared
with a rise of 131,000 a year ago; Visible Alpha had estimated a
136,780 increase
    ** Co's advertising revenue for Q4 was $477 mln, above
analysts' ests. of $309.7 mln
    ** Co posted Q4 net profit of $287 mln, compared with $228
million a year earlier
    ** In 2024, the stock fell 58.3%

 (Reporting by Kritika Lamba in Bengaluru)
 ((Kritika.Lamba@thomsonreuters.com))