Sirius XM(SIRI)
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5 Reasons to Buy Sirius XM Stock Like There's No Tomorrow
The Motley Fool· 2024-12-30 11:30
It's been a rough year for the media stock, but 2025 offers a lot of potential upside.There's no sugarcoating how 2024 played out for Sirius XM Holdings (SIRI -1.32%) shareholders. It's been a rough year. However, there's a lot of truth to the old mutual fund disclaimer that past results aren't an indicator of future performance.The satellite radio provider can bounce back in a major way in 2025. Let's go over some of the reasons this currently out-of-favor stock can roar back to life for investors in the m ...
Can SiriusXM Stock Recover From the 57.5% Year-to-Date Plunge?
ZACKS· 2024-12-24 16:36
SiriusXM (SIRI) is navigating a complex market landscape with a strategic approach that suggests the potential for recovery in 2025, despite a 57.5% decline in the year-to-date period. The company's third-quarter 2024 results reveal a business in transition, having completed its separation from Liberty Media and implementing aggressive initiatives to counter subscriber and revenue challenges.Year-to-date PerformanceImage Source: Zacks Investment ResearchWhile the company aims to reach ambitious targets of 5 ...
Warren Buffett Loves Sirius XM, but Investors Are Overlooking a Major Risk in the High-Yield Dividend Stock
The Motley Fool· 2024-12-24 01:12
It's no secret that Warren Buffett loves dividend-paying value stocks, or "buying dollar bills for 80 cents," as he's sometimes put it.Now, the legendary investor seems to have found a new apple of his eye. Berkshire Hathaway (BRK.A -0.07%) (BRK.B 0.25%) has been aggressively buying shares of SiriusXM Holdings (SIRI 0.78%), the satellite radio company.On Thursday, Berkshire disclosed that it bought roughly 5 million more shares of the stock last week, bringing its ownership to 117.5 million, which is worth ...
Sirius XM (SIRI) Soars 12.2%: Is Further Upside Left in the Stock?
ZACKS· 2024-12-23 14:21
Sirius XM (SIRI) shares soared 12.2% in the last trading session to close at $23.08. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 20.1% loss over the past four weeks.The rise can be attributed to a favorable personal consumption price index report coupled with Berkshire Hathaway's enhanced investment in the company. Recent filings with the SEC showed Berkshire Hathaway acquiring an additional 5 million shares, consolidating th ...
Why Sirius XM Is in Rally Mode Today
The Motley Fool· 2024-12-20 21:07
Shares of SiriusXM (SIRI 12.15%) were rallying big today, up 12.3% as of 1:37 p.m. ET.While most of the market was up today on the back of a better-than-feared personal consumption price index report, beaten-down Sirius got an extra oomph thanks to Warren Buffett and his investing staff at Berkshire Hathaway (BRK.A 1.37%) (BRK.B 0.86%), which disclosed an increased stake in Sirius last night.Buffett & Co. try to bottom-tick SiriusOn Thursday night, Berkshire Hathaway filed a Form 4 with the Securities and E ...
What's Behind SiriusXM's 50% Stock Slide This Year?
Forbes· 2024-12-17 12:00
Company Performance - Sirius XM Holdings stock (NASDAQ: SIRI) is down 53% year-to-date, significantly underperforming the S&P 500, which grew 28% [1] - The company has experienced three consecutive years of poor stock performance, with returns of 0% in 2021, -8% in 2022, and -6% in 2023 [3] - Revenue growth fell 4% year-over-year in Q3 2024 to $2.17 billion, missing analyst estimates of $2.19 billion [4] - Net income for Q3 2024 was -$2.5 billion, resulting in diluted earnings per share of -$8.74, down from $234 million in the same quarter of 2023 [4] Financial Metrics - The company reaffirmed its fiscal year 2024 revenue guidance of $8.675 billion but revised its 2025 revenue projection downward to $8.5 billion [1] - Adjusted EBITDA for Q3 2024 decreased 7% year-over-year to $693 million, driven by softer subscriber revenue [4] - For full-year 2024, the company expects adjusted EBITDA of approximately $2.7 billion and free cash flow of $1 billion [6] - Revenue per share is forecasted at $25.62 for 2024, with a revised valuation of around $27 per share based on a 1.1x P/S multiple [5] Subscriber and Revenue Trends - Total subscribers declined 2% year-over-year in Q3 2024, totaling 33.2 million, including paid promotional subscribers [2] - Subscriber revenue dropped 5% to $1.65 billion, while advertising revenue declined 2% to $450 million in Q3 2024 [4] - The self-pay monthly churn rate remained stable at 1.6% for the quarter, indicating consistent retention of existing subscribers [2] Industry and Competitive Challenges - The company faces challenges from a sluggish recovery in the automotive industry and adverse advertising trends [2] - Pandora, a subsidiary, continues to struggle with stabilizing monthly active users and listening hours [2] - Sirius XM Holdings completed its merger with Liberty Sirius XM Group in September 2024 and conducted a 1-for-10 reverse stock split [6] Peer Comparison - Apple, a peer, has seen its stock rise 29% year-to-date, significantly outperforming Sirius XM [1] - The Trefis High Quality Portfolio, consisting of 30 stocks, has outperformed the S&P 500 each year over the same period, providing better returns with less risk [4]
Should You Forget Sirius XM? This Stock Has Made Far More Millionaires
The Motley Fool· 2024-12-16 13:53
Scintillating stories don't necessarily pay the bills, nor do they drive dependable growth.Are you considering stepping into (or remaining in) a position in Sirius XM Holdings (SIRI -2.82%)? If so, you're not alone.Although its satellite radio business hasn't exactly been red-hot in a while, its 2019 acquisition of music-streaming service Pandora, along with its new focus on advertising-supported radio, are catching investors' attention for good reason. The stock's been a poor performer of late, but some in ...
Is Sirius XM Stock a Buy, Sell, or Hold in 2025?
The Motley Fool· 2024-12-14 10:00
With its stock price down more than 50% on the year, Sirius XM's (SIRI -2.82%) management has turned its focus to next year and what efforts it will need to make to turn its fortunes around. It did take some steps this year though in that regard, including becoming fully independent after a complicated spin-off/reverse stock-split transaction with Liberty Media.The company is best known for its namesake satellite radio service, but it also owns the Pandora streaming music app and a podcast network. Sirius i ...
Sirius XM Holdings Inc. (SIRI) UBS Global Media & Communications Conference (Transcript)
2024-12-11 10:55
Sirius XM Holdings Inc. (NASDAQ:SIRI) UBS Global Media & Communications Conference December 10, 2024 2:15 PM ET Company Participants Jennifer Witz - Chief Executive Officer Conference Call Participants Batya Levi - UBS Batya Levi I think we're going to get started now. Thank you everyone for joining us. I'm Batya Levi with the Media and Communications team at UBS. And our next presenter is CEO, Jennifer Witz, for Sirius. Thank you so much for coming. Jennifer Witz Thank you for having me. Batya Levi Than ...
Wall Street's Most Prominent Reverse Stock Split Is One of Warren Buffett's Top Stocks to Buy for 2025
The Motley Fool· 2024-12-11 09:41
One of the Oracle of Omaha's favorite stocks to buy is a historically cheap legal monopoly.Wall Street is full of prominent money managers, but few if any can hold a candle to the affably named "Oracle of Omaha," Warren Buffett. Since taking the reins at Berkshire Hathaway (BRK.A -0.22%) (BRK.B -0.30%) in the mid-1960s, Buffett has overseen a cumulative return in his company's Class A shares (BRK.A) of almost 5,700,000%, as of the closing bell on Nov. 6.However, it's not just Buffett's outperformance of the ...