Sirius XM Holdings posted mixed second-quarter results on Thursday morning. Its 3% decline in revenue is the second-worst drop in the stock's nearly 30 years of trading.
SiriusXM Holdings Inc. (NASDAQ:SIRI ) Q2 2024 Earnings Conference Call August 1, 2024 8:00 AM ET Company Participants Jennifer Witz - CEO Tom Barry - CFO Scott Greenstein - President & CMO Hooper Stevens - SVP, IR, and Finance Conference Call Participants Steven Cahall - Wells Fargo Jessica Reif Ehrlich - Bank of America Securities Barton Crockett - Rosenblatt Securities Stephen Laszczyk - Goldman Sachs Jim Goss - Barrington Research Cameron Mansson-Perrone - Morgan Stanley Operator Greetings. Welcome to SiriusXM's Second Quarter 2024 Earnings Conference Call [Operator Instructions] Please note, this conference is being recorded.
SiriusXM posted a lower-than-expected drop in subscribers who directly pay for its satellite radio service, helped by steady demand for its content that includes the Howard Stern show.
Sirius XM (SIRI) came out with quarterly earnings of $0.08 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.08 per share a year ago.
Sirius XM (NASDAQ: SIRI), a leading provider of satellite radio, is scheduled to announce its fiscal second-quarter results on Thursday, August 1. We expect Sirius XM stock to likely trade lower with revenues beating and earnings missing market expectations in the second quarter results.
Sirius XM Holdings reports financial results for its second quarter on Thursday morning. Analysts see flat earnings growth and a 2% year-over-year decline in revenue.
Sirius XM's (SIRI) second-quarter 2024 results are likely to be hurt by lower subscriber growth, offset by higher ad revenues.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Sirius XM (SIRI), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.
SiriusXM (SIRI) is set to exclusively broadcast the 152nd open golf championship, which will be played at Royal Troon Club from Jul 18 to Jul 21, 2024.
Sirius XM's stock is down 33% year-to-date in 2024. The company's historically low price-to-earnings ratio of 10.9 makes it look undervalued.
Sirius XM stock has rallied over the past month, but it's still trading 34% lower year to date. The stock trades at low multiples and offers a generous and growing dividend.
Audio entertainment firm Sirius XM (NASDAQ: SIRI ) is struggling to stay relevant in a rapidly evolving world. As a result, SIRI stock has fallen almost 44% since the start of the year.