Sirius XM(US:SIRI)2025-05-01 11:01Financial Performance - Total revenue decreased by 4% year-over-year to $2.07 billion[23] - Adjusted EBITDA decreased by 3% year-over-year to $629 million, with a flat margin of 30%[18] - Free cash flow decreased by 36% year-over-year to $56 million[19] - Net income decreased from $241 million to $204 million year-over-year[20] - Earnings per diluted share decreased from $0.63 to $0.59 year-over-year[23] Subscriber and ARPU - SiriusXM self-pay net additions improved by 16% year-over-year, but were still negative at (303,000)[5, 24] - Total SiriusXM subscribers are approximately 33 million[26] - ARPU decreased by $0.50 to $14.86 year-over-year[31] Segment Performance - SiriusXM total revenue decreased by 5% year-over-year to $1.6 billion[30, 35] - Pandora and Off-platform total revenue decreased by 2% year-over-year to $487 million[36, 40] - Podcast ad revenue increased by 33% year-over-year[5, 50] Cost Management and Capital Expenditures - The company is on track to deliver $200 million in annualized cost savings exiting 2025[5] - Total operating expenses declined 4% year-over-year[7] - Satellite capital expenditures for the full year are expected to be approximately $220 million[11]