Sirius XM(US:SIRI)2022-12-02 10:35Business Overview - SiriusXM aims to shape the future of audio by connecting everyone to voices, stories, and music[37] - As of September 30, 2022, SiriusXM had an enabled auto fleet of 150 million vehicles and 40 million subscribers, with the enabled fleet expected to grow to 153 million by the end of 2022[42] - The company is focused on delivering the best in-car listening experience[45] - SiriusXM is expanding its streaming service with a design refresh, exclusive content, and expanded reach through new distribution and promotional agreements[48] - The company is super-serving audiences by creating curated content for passionate listeners[61] Financial Performance - SiriusXM's audio advertising revenue reached $1.8 billion over the trailing twelve months (4Q'21 – 3Q'22)[49, 52] - Advertising revenue was up 4.6% year-over-year[65] - Subscriber revenue was up 5% year-over-year[65] - Total revenue was up 4.6% year-over-year, reaching $9 billion[65] - Year-to-date capital returns to stockholders amounted to $0.0968 per share, with a 1.5% yield[78]