BUZZ-Sirius XM rises on Q4 revenue beats expectations
ReutersJan 30, 2025 2:45 PM
Shares of audio entertainment company Sirius XM SIRI.O rise 3.7% to $22.65 in early trading
Co reports Q4 revenue of $2.19 bln, marginally beating ests. of $2.17 bln - LSEG
Live streaming of sports events like 2024-2025 NBA and partnerships with automakers helped co drive positive results for the quarter
SIRI self-pay subscribers rose 149,000 in Q4, compared with a rise of 131,000 a year ago; Visible Alpha had estimated a 136,780 increase
Co's advertising revenue for Q4 was $477 mln, above analysts' ests. of $309.7 mln
Co posted Q4 net profit of $287 mln, compared with $228 million a year earlier
In 2024, the stock fell 58.3%
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