Sirius XM targets incremental $200M of annualized savings

Dec 10, 2024 · To date, the company has delivered an aggregate of approximately $350M of run rate savings in 2023 and 2024, and will target an initial incremental $200M of annualized …

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Sirius XM Targets Incremental $200M Of Annualized Savings

18 hours ago

Dec 10, 2024 · To date, the company has delivered an aggregate of approximately $350M of run rate savings in 2023 and 2024, and will target an initial incremental $200M of annualized …

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SiriusXM Provides Update On Strategic Direction, Sharpening …

18 hours ago

Dec 10, 2024 · Announces Additional $200 Million of Annualized Savings Exiting 2025. NEW YORK, Dec. 10, 2024 /PRNewswire/ -- Sirius ... the Company has delivered an aggregate of …

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Sirius XM (SIRI) Q4 2024 Earnings Call Transcript

18 hours ago

Sirius XM (NASDAQ : SIRI) Q4 2024 Earnings Call ... and are working diligently to achieve the additional target of $200 million in annualized savings as we exit 2025. ... an incremental $200 ...

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SiriusXM Cutting $200 Million In Costs - The Wrap

18 hours ago

Dec 10, 2024 · SiriusXM has outlined a new strategic plan that will include $200 million in cost cuts and pivoting resources away from streaming. ... SiriusXM is also targeting $200 million in …

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SiriusXM Adds 149,000 Subscribers, Sees Increased Podcasting …

18 hours ago

1 day ago · SiriusXM Adds 149,000 Subscribers, Sees Increased Podcasting Revenue ... the company said it was targeting $200 million in cost savings as it exits 2025 and said it planned …

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Sirius XM To Sharpen Focus On Core Subscription Business

18 hours ago

Dec 10, 2024 · The company targets an initial incremental $200 million of annualized savings exiting 2025. SiriusXM expects to reduce its debt by approximately $700 million in 2025 and …

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Sirius XM To Sharpen Focus On Core Subscription ... - Markets …

18 hours ago

Dec 10, 2024 · The company targets an initial incremental $200 million of annualized savings exiting 2025. SiriusXM expects to reduce its debt by approximately $700 million in 2025 and …

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Sirius XM (SIRI) Q4 2024 Earnings Call Transcript

18 hours ago

17 hours ago · Sirius XM (SIRI 5.82%) Q4 2024 ... are working diligently to achieve the additional target of $200 million in annualized savings as we exit 2025. ... cost savings, we are targeting …

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SiriusXM Outlines New Strategic Plan, Targets $200 Million Savings …

18 hours ago

Dec 10, 2024 · To enhance efficiency, SiriusXM has implemented cost-reduction initiatives across various business units, targeting an additional $200 million in annualized savings by the end of …

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SiriusXM Provides Update On Strategic Direction, Sharpening …

18 hours ago

Dec 10, 2024 · To date, the Company has delivered an aggregate of approximately $350 million of run rate savings in 2023 and 2024, and will target an initial incremental $200 million of …

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Sirius XM Targets Incremental $200M Of Annualized Savings

18 hours ago

Sirius XM targets incremental $200M of annualized savings ... - TipRanks

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Sirius XM Holdings Inc. (SIRI) Q4 2024 Earnings Call Transcript

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1 day ago · SiriusXM gross profit for the fourth quarter was $966 million, compared to $1.04 billion in Q4 of 2023, yielding a 60% margin, down slightly by about 1 point. For the full year, gross …

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Sirius XM Price Target Lowered To $32 From $43 At Benchmark

18 hours ago

Dec 11, 2024 · Benchmark lowered the firm’s price target on Sirius XM to $32 from $43 and keeps a Buy rating on the shares following the company’s “disappointing” 2025 guidance …

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SiriusXM Provides Update On Strategic Direction ... - Morningstar

18 hours ago

Dec 10, 2024 · To date, the Company has delivered an aggregate of approximately $350 million of run rate savings in 2023 and 2024, and will target an initial incremental $200 million of …

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SiriusXM Provides Update On Strategic Direction ... - MarketWatch

18 hours ago

To date, the Company has delivered an aggregate of approximately $350 million of run rate savings in 2023 and 2024, and will target an initial incremental $200 million of annualized …

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SiriusXM Outlines New Strategic Plan, Targets $200 Million Savings …

18 hours ago

Dec 10, 2024 · To enhance efficiency, SiriusXM has implemented cost-reduction initiatives across various business units, targeting an additional $200 million in annualized savings by the end of …

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Sirius XM Targets $8.5B In 2025 Revenue With Focus On EV …

18 hours ago

1 day ago · Sirius XM reported Q4 2024 adjusted EPS of $0.83, exceeding analysts' estimates of $0.74. Quarterly revenue of $2.19 billion also surpassed the consensus forecast of $2.17 billion.

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SiriusXM Unveils 2025 Strategic Plan: $200M Cost Savings Push …

18 hours ago

Dec 10, 2024 · SiriusXM (NASDAQ: SIRI) announced an updated strategic plan focusing on its core subscription business and advertising portfolio. The company provided 2025 guidance …

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Sirius XM Reports Q4 EPS 83c, Consensus 71c | Markets Insider

18 hours ago

1 day ago · Sirius XM price target lowered to $29 from $30 at Guggenheim Sirius Xm Holdings (SIRI) Q4 Earnings Cheat Sheet Sirius XM cuts 100 positions, less than 2% of staff, …

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SiriusXM Outlines New Strategic Plan, Targets $200 Million Savings …

18 hours ago

Dec 10, 2024 · SiriusXM outlines new strategic plan, targets $200 million savings by 2025

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Sirius XM Expects To Reduce Its Debt By Approximately $700M In …

18 hours ago

Dec 10, 2024 · Try Now>>See today’s best-performing stocks on TipRanks >>Read More on SIRI:Sirius XM targets incremental $200M of annualized savings exiting 2025Sirius XM names …

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FAQs about Sirius XM targets incremental $200M of annualized savings Coupon?

Will SiriusXM cut costs by $200 million in 2025?

Satellite audio firm SiriusXM is aiming to trim costs by $200 million in 2025 as it shifts away from streaming and refocuses on its core automotive market. The news, announced in a press release, follows efforts in 2023 and 2024 to achieve about $350 million in cost savings. ...

What happened to SiriusXM in 2024?

At the end of 2024, the audio giant said it was focusing on in-car subscribers and cutting $200 million in costs. SiriusXM added approximately 149,000 self-pay subscribers in the fourth quarter of 2024, an increase of 18,000 compared to the year-ago period. ...

How does SiriusXM improve efficiencies?

Increasing Efficiency: Following the successful implementation of cost-reduction efforts across various business units as well as a period of high re-investment in product infrastructure, SiriusXM is further optimizing efficiencies in key areas across the business. ...

How much free cash flow will SiriusXM generate in 2025?

This was already anticipated in our full-year 2025 free cash flow guidance of $1.15 billion. Turning to the segments. In the SiriusXM segment, we generated $1.6 billion in revenue for the fourth quarter and $6.6 billion for the year. ...

What does Sirius XM do?

SiriusXM is the leading audio entertainment company in North America with a portfolio of audio businesses including its flagship subscription entertainment service SiriusXM; the ad-supported and premium music streaming services of Pandora; an expansive podcast network; and a suite of business and advertising solutions. ...

What is Sirius XM's new strategic plan?

(RTTNews) - Sirius XM Holdings (SIRI) announced an updated strategic plan, which sharpens the focus on core subscription business; leverages the strength of its advertising business across its portfolio; accelerates efficiency throughout the organization; and emphasizes margins, free cash flow generation, and stockholder returns. ...