Sirius XM generates over 75% of its revenue from subscription fees, with Berkshire Hathaway owning more than a third of its outstanding shares. Despite competition from streaming services and connected cars, Sirius XM remains a dominant player in satellite radio, with drivers paying between $10 to $25 a month for premium content. The company reported $8.7 billion in revenue last year, with $6.6 billion coming from subscriptions. While revenue has declined slightly, Sirius XM still boasts 32.8 million subscribers. Additionally, Warren Buffett’s Berkshire Hathaway has been steadily increasing its stake in the media stock.

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