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Investing.com - Sirius XM Holdings Inc. (NASDAQ:SIRI) reported first quarter 2025 earnings that fell short of analyst expectations, with revenue declining 4% compared to the same period last year.
The satellite radio company’s shares showed no significant movement in early trading following the announcement.
Sirius XM reported adjusted earnings per share of $0.59, missing the analyst consensus of $0.67 by $0.08. Revenue for the quarter came in at $2.07 billion, slightly below the consensus estimate of $2.08 billion and down from $2.16 billion in the first quarter of 2024.
Net income for the period totaled $204 million, down from $241 million in the prior-year quarter. Adjusted EBITDA decreased 3% to $629 million, with the company maintaining a stable adjusted EBITDA margin of 30%.
Jennifer Witz, Chief Executive Officer, commented on the results: "We entered 2025 focused on what we do best: delivering standout experiences to our core subscribers, curating compelling content, strengthening our advertising business, and enhancing the value of our service."
Despite the earnings miss, Sirius XM reiterated its full-year 2025 guidance, projecting total revenue of approximately $8.5 billion, adjusted EBITDA of about $2.6 billion, and free cash flow of around $1.15 billion.
Chief Financial Officer Tom Barry addressed potential concerns, stating, "We do not anticipate that tariff-related pressure on new car sales will have a material impact on our subscriber or financial performance this year."
The company emphasized its efforts to reduce costs and improve efficiency in the face of challenging market conditions. Sirius XM continues to focus on strengthening its core business while navigating the current economic environment.
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