SiriusXM has reported mixed financial results for Q4 2024, with revenue declining but net income showing significant growth. Here are the key details:

Q4 2024 Financial Highlights:

• Revenue: $2.19 billion (down 4.3% YoY)
• Net Income: $287 million (up 26% YoY)
• Satellite Radio Revenue: $1.62 billion (down 5.6% YoY)
• Subscription Revenue: $1.50 billion (down 5.4% YoY)

Subscriber Metrics:

• SiriusXM self-pay subscribers: Added 149,000 in Q4
• Total subscribers: 33.23 million (including 1.58 million paid promotional subs)
• Year-end decrease: 296,000 subscribers

Pandora Performance:

• Revenue: $568 million (flat YoY)
• Advertising Revenue: $434 million (slight decrease)
• Subscription Revenue: $134 million (less than 1% decrease)
• Lost 101,000 self-pay subscribers in Q4
• Total subscribers: 5.77 million (down 279,000 YoY)
• Ad-supported listening hours: 2.39 billion (down from 2.53 billion)

Full-Year 2024 Results:

• Total Revenue: $8.70 billion (down 2.8% YoY)
• Net Loss: $2.08 billion (primarily due to $3.36 billion Q3 impairment charge)

Future Outlook:

• CEO Jennifer Witz expects improved subscriber results in 2025
• Company reports strong growth in app usage and podcast engagement
• Stock closed at $23.11 (up 5.8%)

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