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SiriusXM, Tumble
SiriusXM Plans $200M In Cost Cuts In Pullback From Streaming, “Doubling Down” On Core Auto Market; Stock Tumbles 10% On Revenue Outlook
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.
SiriusXM Tumbles on 2025 Revenue Outlook as Firm Outlines Cost Cuts
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 that fell short of Wall Street estimates and said it will undertake a new cost-cutting drive.
SiriusXM to Cut $200 Million in Costs, Pivot Resources Away From Streaming
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 strengths that set us apart - including our strong core subscriber base,
EURweb on MSN
40m
SiriusXM’s ‘Auto Trends’ Talks to the Only Black Executive to Manage A $3.5 Billion Car Ad Budget
With DEI being such a lightning rod in schools of higher learning and corporate America these days, it’s no coincidence ...
1d
SiriusXM Shares Crash 9%--New Plan Bets Big on Cars, Cost Cuts, and Shareholder Rewards
Disappointing revenue forecast shakes investors, but SiriusXM doubles down on in-car dominance and aggressive efficiency ...
Radio & Internet News
2h
Streaming demoted in SiriusXM business plan
SiriusXM has released an updated strategic plan. We hear about "marketplace headwinds," and learn that streaming is demoted ...
Radio Ink
1d
SiriusXM Shifts Focus Back to Cars, Ending App Streaming Push
The SiriusXM streaming-focused strategy to capture new - and ideally younger - subscribers appears to have fallen flat after ...
CelebrityAccess
1d
SiriusXM Announces Executive Shakeup As The Company Refocuses On Its Core Business
Sirius XM Holdings announced the appointment of Wayne D. Thorsen as Executive Vice President and to the newly created role of ...
1d
on MSN
SiriusXM Expects Revenue to Decline in 2025
SiriusXM expects to bring in less revenue next year than in 2024, according to the company’s latest guidance. The satellite ...
Radio Ink
1d
SiriusXM Secures Former ADT Exec Wayne Thorsen as COO
SiriusXM has announced the appointment of Wayne Thorsen as Executive Vice President and Chief Operating Officer, beginning6.
Advanced Television
1d
SiriusXM restructures
SiriusXM has appointed a new chief operating officer and laid out a new strategic vision with a greater focus on cost cuts ...
1d
What's Going On With SiriusXM Shares Tuesday?
SiriusXM Holdings Inc. SIRI shares are trading lower on Tuesday after the company released its outlook for the 2025 ...
3h
Shawn Mendes Seems to Address Rumored Sabrina Carpenter and Camila Cabello Love Triangle
Shawn Mendes spoke to John Mayer on his SiriusXM radio show about "going to hang with an ex" while he was already "with someone." ...
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