Pay-radio operator SiriusXM may have lost its star broadcasting attraction in the form of ‘shock jock’ Howard Stern. There are mixed reports, the gentlest being that Stern and SiriusXM have as yet failed to make an agreement over his $100 million per year contract. The other reports say Stern (aged 71) was tiring of the […]
North American pay-radio operator SiriusXM has reported $2.14 billion (€1.8bn) in Q2 revenue; a 2 per cent decrease compared to the same period in 2024. Net income for the quarter was $205 million. Subscribers grew by 68,000 (net) and a year-on-year improvement of 32,000. Total subscribers are about 33 million. “Our renewed strategic focus continued […]
SiriusXM shed around 303,000 self-pay subscribers in Q1 2025 on lower overall subscriber and advertising revenue. The US satellite audio giant ended the first quarter with 33 million total subscribers. In September 2024, the company completed its spin-off from controlling stockholder Liberty Media. Overall revenue fell 5 per cent to $2.06 billion (€1.82bn) down from […]
US pay-radio operator SiriusXM has laid off more staff. This follows on from around 100 jobs in January. The broadcaster is said to be at something of a crossroads as it refocuses its efforts on in-vehicle users and advertising-supported listening believed to be the company’s ‘free access’ plan. SiriusXM was spun off from its Liberty […]
US pay-radio operator SiriusXM has brought into use its latest satellite SXM-9. The craft was built by Maxar Space System at its Palo Alto facility. SXM-9 has completed its orbital testing phase after being launched on December 5 2024. “SiriusXM is committed to cutting-edge technology and enhancing the proprietary satellite delivery systems that help power […]
US pay-radio broadcaster, SiriusXM, added approximately 149,000 self-pay subscribers in Q4 2024, up 18,000 compared to the year-ago period. For full year 2024, self-pay subscribers decreased by 296,000, an improvement over the full-year decrease of 445,000 in 2023. The company ended 2024 with approximately 33 million total subscribers – most come through in car inclusion […]
SiriusXM has appointed a new chief operating officer and laid out a new strategic vision with a greater focus on cost cuts and on its car subscription business. The company will target an initial saving of $200 million (€190.2m) a year, according to a press release, after delivering about $350 million of run rate savings […]
Liberty Media, controlled by billionaire John Malone, has reported its Q3 earnings. The company has split off its holdings in Sirius XM into a new tracking stock, Sirius XM Holdings, which simplifies ownership into a new consolidated public company. Shareholders of Liberty Sirius XM now own approximately 81 per cent of new Sirius, with former […]
US pay-radio operator SiriusXM has released its Q3 results, reporting revenue of $2.17 billion (€2bn), a 4 per cent decline on the same period a year ago. However, the company has gone through a major restructuring associated with the acquisition of the SiriusXM by Liberty Media. This translated into a net loss of $2.96 billion. […]
North American pay-radio operator, SiriusXM, is suffering a loss of subscribers which has driven its share price into negative territory. The subscriber loss for its quarter ending June 30th totalled around 173,000 and made up of 100,000 so-called ‘self-pay’ (conventional) subscribers, and 73,000 promotional subscriptions. These were considered major losses but when compared with the […]