Is This Out-of-Favor Stock Yielding 4.8% Starting to Turn the Corner?

Core Viewpoint - Sirius XM Holdings has experienced a significant stock decline over the past five years, but recent financial results indicate a potential turnaround, with shares rising 9% following a positive earnings report [2][3]. Financial Performance - Sirius XM reported a slight revenue increase of 0.2% to $2.19 billion, marking a break from six consecutive quarters of year-over-year declines [5]. - The company added 110,000 self-pay net subscribers in the last quarter, indicating a positive trend despite a gradual decline from a peak of nearly 35 million subscribers in late 2019 to approximately 33 million today [6]. - The monthly churn rate for the fourth quarter reached a historic low of 1.4%, suggesting improved customer retention [7]. Market Position - The timing of Sirius XM's financial recovery coincides with a market shift away from high-priced tech stocks, positioning it as an attractive investment opportunity due to its low valuation and high yield [4]. - The company has seen increases in advertising and equipment revenue, which had previously been negative, contributing to the overall positive business direction [5].