Holders of Sirius XM (SIRI -0.21%) shares have been sorely disappointed over the years. Since the company's initial public offering in September 1994, the shares have gained just 8% compared to the S&P 500's 969%.That should make many investors cautious, particularly those who have lost money or badly lagged the market. A look backward can prove instructive in understanding a company's present situation and the market's assessment. But it's important to take a forward-looking approach.Have the markets signa ...

纳斯达克-100指数 - 纳斯达克-100指数在2022年损失了33%，但自2023年初以来已经上涨了61%[2] - Sirius XM Holdings是纳斯达克-100指数中最具吸引力的购买对象[4] - Sirius XM Holdings的收入主要来自订阅服务，而不是广告，这使得其在经济衰退时比传统广播公司更具稳定性[8] - Sirius XM是唯一的卫星广播服务提供商，具有强大的订阅定价权[9] Tesla - Tesla是纳斯达克-100指数中应该避免的股票，其定价策略和盈利模式存在风险[12] - Tesla的运营利润率下降至8.2%，远低于大多数传统汽车制造商的平均水平[16] - Tesla的盈利主要依赖于销售和租赁电动汽车，而非其他业务部门，这使得其盈利能力受到竞争压力[18] - Tesla的盈利中有相当一部分来自不可持续的来源，如现金利息收入和政府免费提供的税收抵免[19] - Elon Musk可能对Tesla构成更多风险而非利好，其未兑现的承诺可能影响公司估值[20] - Tesla的估值远超传统汽车公司，2024年的市盈率达到60倍，远超过汽车股票的传统范围[21]

News of layoffs in the tech sector aren’t abating, and if anything, they’re picking up steam. Sirius XM (NASDAQ:SIRI) has once again generated headlines in this regard today, announcing the company has already let go of around 3% of its workforce. News of these Sirius XM layoffs has sent SIRI stock modestly higher in today’s session, up a little more than 2% at the time of writing.These layoffs, which will impact roughly 160 individuals, encapsulate a wider-ranging initiative taken on by various tech compan ...

Satellite audio firm SiriusXM is trimming its global workforce by about 3% in an effort to become “more efficient, agile, and flexible,” CEO Jennifer Witz wrote in a memo to employees. The company last year unveiled a significant revamp of its app and made a number of talent deals in a push into podcasts. “We made significant progress on the transformation of our business in 2023, but we have just begun to scratch the surface of what is possible here at SiriusXM,” Witz wrote in the memo. “To continue on ou ...

After a glance at Berkshire Hathaway's public equities portfolio, you'll quickly realize that just a handful of businesses dominate. I'm talking about Apple, Bank of America, and American Express, which -- combined -- constitute an astounding 63.8% of its holdings.But there are also little-known positions like Sirius XM Holdings (SIRI -1.80%). This audio entertainment stock makes up a tiny portion of the overall portfolio and has fallen 15% in the last five years.Despite the Oracle of Omaha and his team's s ...

When it was reported in November that Warren Buffett's Berkshire Hathaway purchased shares of satellite radio company Sirius XM Holdings (SIRI -1.80%), the media company's stock popped more than 10%. The sudden jump in share price is understandable, considering that up to that point, the stock had been struggling, down around 16% for the year.Even with this pop, Sirius XM stock is down about 35% from its summer 2023 high, likely making some investors wonder if it is a buy now. Let's look at Sirius XM's pros ...

Sirius XM Holdings (SIRI) reported fourth-quarter 2023 earnings of 9 cents per share, which beat the Zacks Consensus Estimate by 28.57% and remained flat year over year.Total revenues on a reported basis gained 0.2% year over year to $2.28 billion but missed the consensus mark by 0.42%.Subscriber revenues (75.2% of total revenues) declined 0.3% from the year-ago quarter to $1.72 billion. The figure missed the Zacks Consensus Estimate by 0.64%.Meanwhile, advertisement revenues (20.9%) declined 0.2% year over ...

The rise in demand for music streaming comes with its drawbacks for broadcasting companies that are used to offering a more diversified suite of listening options, as SiriusXM noted, following the launch of its new streaming app.The radio company shared in its fourth-quarter and full-year 2023 earnings report Thursday (Feb. 1) that revenue declined slightly from the year before, with average revenue per user (ARPU) falling slightly.“The challenge to 2024 revenue comes from roughly level subscriber numbers a ...

For the quarter ended December 2023, Sirius XM (SIRI) reported revenue of $2.29 billion, up 0.2% over the same period last year. EPS came in at $0.09, compared to $0.09 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $2.3 billion, representing a surprise of -0.42%. The company delivered an EPS surprise of +28.57%, with the consensus EPS estimate being $0.07.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ex ...

财务数据和关键指标变化 - 2023年全年收入保持稳定,约为89.5亿美元 [33] - 2023年全年订阅收入和广告收入基本持平,分别为69亿美元和18亿美元 [33] - 2023年全年调整后EBITDA和自由现金流超出原指引,分别为27.9亿美元和12亿美元 [33] - 2023年第四季度收入基本持平,为22.9亿美元,其中订阅收入为17亿美元,广告收入为4.79亿美元 [34] - 2023年第四季度调整后EBITDA下降4%至7.15亿美元,主要由于收入分成和版权费用、销售和营销以及工程设计和开发费用上升,部分被客户服务和管理费用以及传输成本下降所抵消 [34] 各条业务线数据和关键指标变化 - 卫星广播电台业务2023年全年收入略降,为17亿美元,广告收入受到广播广告市场疲软的影响 [35] - 卫星广播电台业务2023年全年和第四季度ARPU分别为15.56美元和15.63美元,受到2023年3月涨价、促销自付费订阅计划以及广告收入下降和某些OEM商的付费优惠率下降的影响 [35] - 2023年第四季度卫星广播电台业务毛利下降2%至10.4亿美元,毛利率为61% [36] - Pandora线下平台业务2023年全年收入增长1%至21亿美元,第四季度收入增长2%至5.71亿美元,广告收入增长驱动 [37] - Pandora线下平台业务2023年第四季度毛利为1.93亿美元,毛利率为34% [37] 各个市场数据和关键指标变化 - 公司未具体披露各个市场的数据和关键指标变化 [无] 公司战略和发展方向及行业竞争 - 公司正在进行全面转型,主要目标包括提升订阅价值、推动广告业务增长以及优化组织重点和成本结构 [13] - 公司正在推出新一代Sirius XM平台,提供更广泛的内容和个性化推荐,以吸引更多年轻受众 [19][20][21] - 公司正在加强内容投资,推出多个明星主持人的独家节目,如John Mayer、James Corden等,以增强内容差异化 [22][23][25] - 公司正在扩大广告业务,包括提升程序化广告和播客广告的能力,以提高广告收入 [27] - 公司正在与Audible合作,将双方内容进行交叉推广,以增加用户接触和转化 [28] - 公司正在进行成本优化,2023年实现1.4亿美元成本节约,2024年计划再节约近2亿美元 [42] 管理层对经营环境和未来前景的评论 - 2024年收入和调整后EBITDA指引略低于2023年,主要由于订阅者数量基本持平以及ARPU略有下降 [15] - 2024年订阅者净增加有望同比改善,但仍受到试用期转化率压力的影响 [14] - 公司相信通过持续投资内容、营销和技术平台,长期可实现订阅者和收入的持续增长 [16] - 公司有信心维持2024年稳定的EBITDA利润率和现金流 [16] - 公司认为在大众流媒体音乐市场同质化的情况下,通过明星主持人和独家内容来吸引用户是关键 [29] 问答环节重要的提问和回答 问题1 **Cameron Mansson-Perrone 提问** 询问2024年200百万美元成本节约的具体来源,包括营销、编程和客户服务等方面 [49] **Tom Barry 回答** - 营销方面,公司将更多投入于流媒体业务,同时优化整体营销成本,实现净节约 - 随着技术平台转型,公司将在客户服务和编程等方面实现进一步优化和效率提升 [52][53][54][55] 问题2 **Vijay Jayant 提问** 询问2024年是否会有卫星广播价格调整,以及流媒体业务增长对ARPU的影响 [63][64][65] **Jennifer Witz 和 Tom Barry 回答** - 2024年不会有卫星广播价格调整,上次调整是在2023年初 [66] - 9.99美元的流媒体产品有助于吸引更多年轻受众,与卫星广播业务不会产生大规模替代,公司有信心通过提升卫星广播产品价值来实现未来涨价 [67][68] - 流媒体业务增长对整体ARPU的影响有限,公司将继续优化不同产品组合以维持ARPU水平 [69]