SiriusXM Expects 2024 Revenue Of $8.675B (~$8.75B Prior) Vs $8.75B Est
Portfolio Pulse from Benzinga Newsdesk
SiriusXM has revised its 2024 revenue guidance to $8.675 billion, slightly below the previous estimate of $8.75 billion and the market estimate of $8.75 billion. The company maintained its guidance for adjusted EBITDA at $2.7 billion and free cash flow at $1 billion.
October 31, 2024 | 11:09 am
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SiriusXM has lowered its 2024 revenue guidance to $8.675 billion, which is below both its previous guidance and market expectations. However, the company has maintained its adjusted EBITDA and free cash flow guidance.
The reduction in revenue guidance suggests potential challenges in achieving previous revenue targets, which could negatively impact investor sentiment. However, maintaining EBITDA and free cash flow guidance indicates stability in operational efficiency and cash generation.
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