SiriusXM Provides Update on Strategic Direction, Sharpening Focus on Core Audience
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Sirius XM Holdings Inc. has announced a strategic update focusing on its core subscription business, advertising strength, and efficiency improvements. The company provided financial guidance for 2025 and a free cash flow target for 2027, along with plans for $200 million in annualized savings by the end of 2025.
December 10, 2024 | 1:15 pm
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Sirius XM Holdings Inc. is focusing on its core subscription business and advertising, aiming for $200 million in savings by 2025. The company provided 2025 revenue, adjusted EBITDA, and free cash flow guidance, with a 2027 free cash flow target.
The strategic focus on core strengths and cost savings is likely to improve profitability and cash flow, which is positive for stockholders. The financial guidance and savings target indicate a proactive approach to market challenges.
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