SIRI - Pandora Sees Slight Ad Revenue Growth as Sirius XM Prepares for Future Expansion | Benzinga
Sirius XM Holdings Inc (NASDAQ: SIRI) reported a flat fourth-quarter FY23 revenue growth year-on-year to $2.287 billion, marginally missing the consensus of $2.290 billion. Adjusted EPS of $0.09 beat the consensus of $0.08.
Subscriber revenue growth remained flattish Y/Y at $1.72 billion in the quarter. Advertising revenue remained steady Y/Y at $479 million.
For the year, SiriusXM self-pay subscribers decreased by 445,000 to 34 million total subscribers, a 1% decline Y/Y, and the self-pay monthly churn remained low at 1.6%. SiriusXM added approximately 131,000 new self-pay subscribers in the fourth quarter ...