What's Behind SiriusXM's 50% Stock Slide This Year? [Forbes]
SiriusXM Holdings Inc. (SIRI)
Last siriusxm holdings inc. earnings: 4/28 07:00 am
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Source: Forbes
speak during "Nosferatu" Town Hall at SiriusXM Studios on December 11, 2024 in Los Angeles, California. (Photo by Rodin Eckenroth/Getty Images for SiriusXM) Getty Images for SiriusXM Sirius XM Holdings stock (NASDAQ: SIRI) is down 53% so far this year, compared to a 28% growth in the S&P index. Notably, SIRI's peer Apple has seen its stock rise 29% year-to-date. So why is SIRI stock underperforming? The premium audio service provider is experiencing subdued revenue and adjusted EBITDA performance. Despite reaffirming its fiscal year 2024 revenue guidance of $8.675 billion, the company has downwardly revised its fiscal year 2025 revenue projection to $8.5 billion. Notably, the company's business has exhibited limited growth over the past few years, with a notable decline of 0.6% in fiscal year 2023, marking its first-ever revenue contraction. Furthermore, the company anticipates two consecutive years of revenue decline, underscoring the need for strategic initiatives to revitaliz
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SIRI
News
- Sirius XM Holdings Inc. (NASDAQ: SIRI) had its price target lowered by analysts at Wells Fargo & Company from $22.00 to $16.00. They now have an "underweight" rating on the stock.MarketBeat
- Does Warren Buffett Know Something Wall Street Doesn't? The Billionaire Has Been Buying a Nasdaq Stock Split With a Hearty 4.6% Dividend Yield That Analysts Recently Downgraded. [Yahoo! Finance]Yahoo! Finance
- Hedge Funds Think That Sirius XM Holdings Inc. (SIRI) Will Bounce Back Soon [Yahoo! Finance]Yahoo! Finance
- Sirius XM (SIRI) Dips More Than Broader Market: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Sirius XM Holdings (NASDAQ:SIRI investor five-year losses grow to 62% as the stock sheds US$1.4b this past week [Yahoo! Finance]Yahoo! Finance
SIRI
Earnings
- 11/1/24 - Miss
SIRI
Sec Filings
- 12/19/24 - Form 4
- 12/16/24 - Form 3
- 12/10/24 - Form 8-K
- SIRI's page on the SEC website