From Barchart: 2024-04-30 08:40:19

Sirius XM beat Q1 2024 revenue expectations at $2.16 billion, with a $0.07 profit per share. However, full-year revenue guidance of $8.75 billion fell slightly short. The company’s core subscribers remained steady at 33.43 million. Despite flat year-over-year revenue, Wall Street predicts a 1.6% decline in the next 12 months. Cash flow margin, at 6.1% in Q1, showed an 8.3% decrease from the previous year. Sirius XM stock rose 1.3% post-reporting, currently trading at $3.22 per share. Investors should weigh valuation and business qualities before investing. Access the full research report for free.



Read more at Barchart: Sirius XM (NASDAQ:SIRI) Beats Q1 Sales Targets