SiriusXM reported mixed financial results for Q4 2024, with revenue declining but net income showing significant improvement. Here's a comprehensive breakdown of their performance:

Q4 2024 Key Financial Metrics:

• Revenue: $2.19 billion (down 4.3% YoY)
• Net Income: $287 million (up 26% YoY)
• Satellite Radio Revenue: $1.62 billion (down 5.6% YoY)
• Subscription Revenue: $1.50 billion (down 5.4% YoY)

Subscriber Statistics:

• SiriusXM Self-pay Subscribers: 33.23 million
• Q4 Additions: 149,000 new self-pay subscriptions
• 2024 Overall Decrease: 296,000 subscribers
• Paid Promotional Subscriptions: 1.58 million

Pandora Performance:

• Revenue: $568 million (flat YoY)
• Advertising Revenue: $434 million (slight decrease)
• Subscription Revenue: $134 million (< 1% decrease)
• Subscriber Loss: 101,000 in Q4
• Total Subscribers: 5.77 million (down 279,000 YoY)
• Ad-supported Listening Hours: 2.39 billion (down from 2.53 billion)
• Ad Revenue per 1000 Hours: $108.37 (down from $111.27)

Full-Year 2024 Results:

• Total Revenue: $8.70 billion (down 2.8% YoY)
• Net Loss: $2.08 billion (primarily due to $3.36 billion Q3 impairment charge)

Looking ahead, CEO Jennifer Witz expressed optimism for 2025, citing strong app usage growth and podcast performance. The company's stock (NASDAQ: SIRI) closed at $23.11, up 5.8% for the day.

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