SiriusXM Cutting $200 Million in Costs - The Wrap

Dec 10, 2024 · SiriusXM to Cut $200 Million in Costs, Pivot Resources Away From Streaming The satellite and online radio provider has also hired ADT Inc.’s Wayne Thorsen as its new COO …

CouponFollow Extension

$200
OFF

SiriusXM Cutting $200 Million In Costs - The Wrap

19 hours ago

Dec 10, 2024 · SiriusXM to Cut $200 Million in Costs, Pivot Resources Away From Streaming The satellite and online radio provider has also hired ADT Inc.’s Wayne Thorsen as its new COO …

thewrap.com

$200
OFF

SiriusXM To Cut $200 Million In Costs, Pivot Resources Away From …

19 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.

yahoo.com

3%
OFF

Report: Layoffs Hit SiriusXM As It Looks For Cost Savings.

19 hours ago

2 days ago · SiriusXM laid off 3% of its workforce in February 2024. SiriusXM said last month that it will be “further optimizing efficiencies” across the business. The company wants to find $200 …

insideradio.com

$200
OFF

SiriusXM Backs Off Streaming And Looks To Cut $200 Million In Costs

19 hours ago

Dec 10, 2024 · The news: SiriusXM is backing away from its recently launched music streaming platform and plans to cut costs by $200 million, the company announced Tuesday as it gave a …

emarketer.com

$200
OFF

SiriusXM Adds 149,000 Subscribers, Sees Increased Podcasting …

19 hours ago

1 day ago · SiriusXM Adds 149,000 Subscribers, Sees Increased Podcasting Revenue At the end of 2024, the audio giant said it was focusing on in-car subscribers and cutting $200 million in …

hollywoodreporter.com

$200
OFF

Here’s Why SiriusXM Is Shifting Away From Digital And Back To …

19 hours ago

Dec 11, 2024 · SiriusXM wants to find $200 million in additional cost-savings by the end of 2025 on top of the $350 million of cuts it has already made across the organization.

insideradio.com

$8
OFF

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

19 hours ago

1 day ago · He also confirmed a $200 million cost savings target for 2025, contributing to incremental efficiency gains.

seekingalpha.com

8%
OFF

SiriusXM Tumbles On 2025 Revenue Outlook As Firm Outlines Cost …

19 hours ago

Dec 10, 2024 · Shares of Sirius XM Holdings Inc., the online radio service that’s home to shock jock Howard Stern, fell as much as 9.8% after the company issued a 2025 revenue forecast …

bnnbloomberg.ca

3%
OFF

SiriusXM Lays Off 3% Of Staff As It Targets $200 Million In Cost …

19 hours ago

Feb 13, 2024 · The move is part of a plan executives told analysts earlier this month that aims to find $200 million of additional cost savings during 2024, through a reallocation of resources in …

insideaudiomarketing.com

3%
OFF

SiriusXM 2024 Earnings: Revenue Falls 3% Amid Streaming App

19 hours ago

1 day ago · SiriusXM's 2024 earnings show declines in subscriber and advertising revenue as the radio company's streaming app failed to jump start growth.

billboard.com

5%
OFF

Can SiriusXM Stock Recover From The 57.5% Year-to-Date Plunge?

19 hours ago

Dec 24, 2024 · CFO Tom Barry highlighted the company's commitment to cost optimization, with a target of $200 million in cost savings for 2024.

yahoo.com

$200
OFF

Sirius XM To Sharpen Focus On Core Subscription Business

19 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 …

nasdaq.com

$200
OFF

SiriusXM To Cut $200M In Costs, Pivots Away From Streaming

19 hours ago

Dec 10, 2024 · SiriusXM Unveils Strategy Shift: Focusing on In-Car Experience and Cost Optimization SiriusXM has announced a new strategic direction, prioritizing cost efficiencies …

archyde.com

$200
OFF

SiriusXM Plans $200M In Cost Cuts In Pullback From Streaming, …

19 hours ago

Dec 10, 2024 · 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, …

atlasangle.com

3%
OFF

SiriusXM Lays Off 3% Of Staff As It Targets $200 Million In Cost …

19 hours ago

Feb 13, 2024 · SiriusXM Lays Off 3% of Staff as it Targets $200 Million in Cost Cuts During 2024 SiriusXM reported $2.29 billion of revenue during the fourth quarter, as it closed 2023 with …

substack.com

FAQs about SiriusXM Cutting $200 Million in Costs - The Wrap Coupon?

How much will SiriusXM save by 2025?

SiriusXM wants to find $200 million in additional cost-savings by the end of 2025 on top of the $350 million of cuts it has already made across the organization. Witz said they will look at marketing expenses for some of those cuts, particularly as they scale back efforts to reach young streaming listeners. ...

Will Sirius XM have a quarter fewer trial subscriptions in 2023?

Nine in ten subscribers listen in the car on pre-installed receivers. SiriusXM has already been scaling back its marketing spending for its streaming business, and it expects to have a quarter fewer trial streaming subscriptions this year compared to 2023. Witz predicts they’ll have even fewer next year. ...

What will SiriusXM do in 2023?

As a result, the company will shift marketing and other resources away from “high-cost, high-churn audiences” in streaming to its “core revenue-generating segments.” In December 2023, SiriusXM launched a streaming app for listening in a outside of the car. ...

What's new at SiriusXM?

SiriusXM has appointed a new chief operating officer and laid out a new strategic vision that includes a greater focus on cost efficiencies and on its car subscription business. ...

Why is SiriusXM moving away from the streaming app?

SiriusXM announced in December that was shifting marketing and other resources away from the streaming app it launche in Dec. 2023 to prioritize its subscribers who pay to listen to its music, sports and news radio and podcasts in vehicles. ...

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. ...