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 […]
SiriusXM is reducing its staff headcount. The North American pay-radio operator is axing around 170 employees, representing 3 per cent of its current workforce of some 5,680 staff. The broadcaster laid off 8 per cent of its employees less than a year ago. CEO Jennifer Witz, in a memo to staff, said: “We made significant […]
Pay-radio broadcaster SiriusXM’s Q4 profits were at $352 million (€323.1m), just down on the same period in 2022 which were $365 million. Revenues were slightly ahead of expectations at $2.29 billion ($2.28 billion the previous year). Earnings per share were up 1 cent at $0.09 and better than analyst’s expectations. SiriusXM also reported that ARPU […]
As expected, Liberty Media and pay-radio broadcaster SiriusXM confirmed their transaction changes on December 12th. Liberty was already the largest and controlling shareholder in SiriusXM. The transaction will result in New SiriusXM being an independent public company, with no majority stockholder, a single class of shares and a board comprising a majority of independent directors. […]