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

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.

CouponFollow Extension

$200
OFF

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

18 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.

deadline.com

$200
OFF

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

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.

yahoo.com

$200
OFF

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

18 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 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. “At SiriusXM, we are focusing on the …

thewrap.com

3%
OFF

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

18 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

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

18 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. Witz said they …

insideradio.com

$200
OFF

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

18 hours ago

Dec 11, 2024 · Satellite audio agency SiriusXM is aiming to trim prices by $200 million in 2025 because it shifts away from streaming and refocuses on its core automotive market. The …

newswort.com

$200
OFF

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

18 hours ago

Dec 10, 2024 · SiriusXM has announced a new strategic direction, prioritizing cost efficiencies and its core in-car subscription business. The company outlined plans to achieve $200 million …

archyde.com

10%
OFF

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

18 hours ago

SiriusXM Plans $200M In Cost Cuts In Pullback From Streaming, “Doubling Down” On Core Auto Market; Stock Tumbles 10% On Revenue Outlook

mxmnews.com

$200
OFF

Deadline

18 hours ago

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.

deadline.com

$200
OFF

SiriusXM Shake-Up: $200M In Cost Cuts, Pivot Away From Streaming

18 hours ago

Dec 10, 2024 · The company will also move its marketing and other resources away from “high-cost, high-churn audiences in streaming."

tvnewscheck.com

$200
OFF

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

18 hours ago

Dec 10, 2024 · SiriusXM outlines transformation strategy targeting $8.5B revenue, $2.6B EBITDA by 2025, with focus on automotive growth and $200M cost savings amid market headwinds.

stocktitan.net

$200
OFF

SiriusXM Shake-Up: $200M In Cost Cuts, Pivot Away From Streaming

18 hours ago

Dec 10, 2024 · The Hollywood Reporter · Dec 10, 2024 SiriusXM Shake-Up: $200M in Cost Cuts, Pivot Away From Streaming By Caitlin Huston

mastodon.social

3%
OFF

SiriusXM 2024 Earnings: Revenue Falls 3% Amid Streaming App

18 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

$125
OFF

SiriusXM Adds 149,000 Subscribers, Sees Increased Podcasting …

18 hours ago

1 day ago · Alex Cooper Bought Her Parents a House in Los Angeles Following $125M SiriusXM Deal: "I Want Nothing in Return" SiriusXM Shake-Up: $200M in Cost Cuts, Pivot Away From …

yahoo.com

$200
OFF

Why Did Buffett Add To SiriusXM? - Tradethetape.com.au

18 hours ago

5 days ago · And whilst its expectations for growth are lower – they are refocusing on their “core” automotive customer, with an additional $200M in cost cuts. The challenges for Sirius are …

tradethetape.com.au

FAQs about SiriusXM Plans $200M In Cost Cuts In Pullback From Streaming, … Coupon?

What is SiriusXM's new strategic plan?

SiriusXM has outlined a new strategic plan that will include $200 million in cost cuts and pivoting resources away from streaming. ...

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. ...

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. ...

Who is the new CEO of SiriusXM?

The satellite and online radio provider has also hired ADT Inc.'s Wayne Thorsen as its new COO as chief product and technology officer Joseph Inzerillo steps down The post SiriusXM to Cut $200 Million in Costs, Pivot Resources Away From Streaming appeared first on TheWrap. ...

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. ...

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. ...