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Stock impact report

SiriusXM to Cut $200 Million in Costs, Pivot Resources Away From Streaming [Yahoo! Finance]

ADT Inc. (ADT) 
Last adt inc. earnings: 3/5 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.adt.com/home/default.aspx
Company Research Source: Yahoo! Finance
“At SiriusXM, we are focusing on the strengths that set us apart – including our strong core subscriber base, our unique position in vehicle, and our unrivaled, curated content — and taking steps to drive profitability and cash flow as we face marketplace headwinds impacting the company's growth trajectory,” SiriusXM CEO Jennifer Witz said in a statement. “We have a clear path forward and are confident we can deliver for our stockholders.” The satellite and online radio provider plans to double down on its automotive subscriber segment, where 90% of the company's subscribers are currently embedded, by focusing its resources on increasing retention. As a result, the company will shift marketing and other resources away from “high-cost, high-churn audiences” in streaming to its “core revenue-generating segments.” In December 2023, SiriusXM launched a streaming app for listening in a outside of the car. The company said it would “continue to highlight the value-added benefits of the Show less Read more
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