Acquisition Target Sirius XM's Subscriber and Advertising Revenue Shows Stability in Q3, Reaffirms Annual Outlook
Portfolio Pulse from Anusuya Lahiri
Sirius XM Holdings Inc reported a flat Q3 FY23 revenue of $2.27 billion, slightly missing the consensus of $2.29 billion. Adjusted EPS of $0.09 beat the consensus of $0.08. Subscriber and advertising revenue remained steady. The company reiterated its FY23 revenue outlook of $9.0 billion. SIRI shares traded higher by 4.90% at $4.39.
October 31, 2023 | 1:46 pm
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Sirius XM's Q3 FY23 revenue was flat, slightly missing consensus, but adjusted EPS beat expectations. The company reiterated its FY23 revenue outlook. SIRI shares traded higher.
Sirius XM's flat Q3 revenue and steady subscriber and advertising revenue show stability, which is positive for the company. The reiteration of the FY23 revenue outlook also indicates confidence in future performance. This news led to a rise in SIRI shares, indicating a positive market reaction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100