UFO - Sirius XM Reports Steady Growth In Advertising Revenue Subscriber Numbers Dip | Benzinga
Sirius XM Holdings Inc (NASDAQ: SIRI) reported a fiscal first-quarter 2024 revenue growth of 1% year-on-year to $2.16 billion, beating the consensus of $2.13 billion.
Adjusted EPS of 7 cents was in-line with the consensus.
Subscriber revenue was $1.68 billion in the quarter, versus $1.69 billion a year ago. Advertising revenue grew by 7.2% Y/Y to $402 million.
For the year, SiriusXM self-pay subscribers decreased by 457,000 to 31.6 million total subscribers, a (1)% decline Y/Y.
The self-pay monthly churn remained at 1.7% for the first quarter of 2024, up from 1.6% in the first quarter of 2023, with the bulk of the increase attributable to vehicle-related churn. SiriusXM self-pay subscribers decreased by 359,000 in the first ...