SiriusXM Cutting $200 Million in Costs - The Wrap

Dec 10, 2024 · SiriusXM to Cut $200 Million in Costs, Pivot Resources Away From Streaming. The satellite and online radio provider has also hired ADT Inc.’s Wayne Thorsen as its new …

$200
OFF

SiriusXM Cutting $200 Million In Costs - The Wrap

1 week from now

Dec 10, 2024 · SiriusXM to Cut $200 Million in Costs, Pivot Resources Away From Streaming. The satellite and online radio provider has also hired ADT Inc.’s Wayne Thorsen as its new …

thewrap.com

$200
OFF

SiriusXM To Cut $200 Million In Costs, Pivot Resources Away From …

1 week from now

Dec 10, 2024 · SiriusXM to Cut $200 Million in Costs, Pivot Resources Away From Streaming. Lucas Manfredi . Tue, Dec 10, 2024, 8:50 AM 3 min read. SiriusXM has outlined a new …

yahoo.com

$200
OFF

SiriusXM Plans $200M In Cost Cuts In Pullback From Streaming

1 week from now

Dec 10, 2024 · 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.. The news, …

deadline.com

$200
OFF

SiriusXM Backs Off Streaming And Looks To Cut $200 Million In Costs

1 week from now

Dec 10, 2024 · The news: SiriusXM is backing away from its recently launched music streaming platform and plans to cut costs by $200 million, the company announced Tuesday as it gave a …

emarketer.com

$200
OFF

SiriusXM To Cut $200M In Costs, Pivots Away From Streaming

1 week from now

Dec 10, 2024 · SiriusXM has hired a new chief operating officer and laid out a plan to cut $200 million in costs in 2025, ... SiriusXM Shake-Up: $200M in Cost Cuts, Pivot Away From Streaming.

hollywoodreporter.com

$200
OFF

SiriusXM To Cut $200M In Costs, Pivots Away From Streaming

1 week from now

Dec 10, 2024 · SiriusXM has hired a new chief operating officer and laid out a plan to cut $200 million in costs in 2025, while moving away from its streaming app. The company will also …

nova-click.com

9%
OFF

SiriusXM Shares Crash 9%--New Plan Bets Big On Cars, Cost Cuts, …

1 week from now

Dec 10, 2024 · To steady its financial footing, SiriusXM is targeting an additional $200 million in annualized cost savings by 2025, adding to $350 million achieved in recent years. The …

yahoo.com

$200
OFF

SiriusXM Expects Revenue To Decline In 2025 - WSJ

1 week from now

SiriusXM also gave an update on its strategic direction, saying it intends to double down on its core automotive subscriber cohort and focus on cutting about $200 million in costs next year. …

wsj.com

$200
OFF

SiriusXM Plans $200M In Cost Cuts In Pullback From Streaming, …

1 week from now

Dec 10, 2024 · 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. The news, …

atlasangle.com

8%
OFF

SiriusXM Tumbles On 2025 Revenue Outlook As Firm Outlines Cost …

1 week from now

Dec 10, 2024 · 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 …

bnnbloomberg.ca

$200
OFF

SiriusXM To Cut $200M In Costs, Pivots Away From Streaming

1 week from now

Dec 10, 2024 · SiriusXM has announced a new strategic direction, prioritizing cost efficiencies and its core in-car subscription business. The company outlined plans to achieve $200 million …

archyde.com

3%
OFF

SiriusXM Lays Off 3% Of Staff As It Targets $200 Million In Cost …

1 week from now

Feb 13, 2024 · SiriusXM Lays Off 3% of Staff as it Targets $200 Million in Cost Cuts During 2024 SiriusXM reported $2.29 billion of revenue during the fourth quarter, as it closed 2023 with …

substack.com

5%
OFF

SiriusXM Q3 Revenue Slips, But Subscriber Gains Give Green Flag

1 week from now

Oct 31, 2024 · This was primarily due to a 5% drop in subscriber revenue to $1.65 billion and a 2% decline in advertising revenue to $450 million. However, SiriusXM added 14,000 self-pay …

radioink.com

$200
OFF

SiriusXM Outlines New Strategic Plan, Targets $200 Million Savings …

1 week from now

Dec 10, 2024 · To enhance efficiency, SiriusXM has implemented cost-reduction initiatives across various business units, targeting an additional $200 million in annualized savings by the end of …

investing.com

$200
OFF

SiriusXM Plans $200M In Cost Cuts In Pullback From Streaming, …

1 week from now

Dec 11, 2024 · Satellite audio agency SiriusXM is aiming to trim prices by $200 million in 2025 because it shifts away from streaming and refocuses on its core automotive market. The …

newswort.com

$200
OFF

SiriusXM's Next Chapter: Charts Independent Path With Buybacks ...

1 week from now

Sep 10, 2024 · The revised free cash flow guidance, reflecting a $200 million adjustment, accounts for approximately $70 million in closing costs and additional interest expenses, as …

yahoo.com

8%
OFF

SiriusXM Tumbles On 2025 Revenue Outlook As Firm Outlines Cost …

1 week from now

Dec 10, 2024 · (Bloomberg) -- 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 …

yahoo.com

2%
OFF

Sirius XM Stock Is Beaten Down Now, But It Could 10X - Yahoo …

1 week from now

1 day ago · A lot of things are going wrong at Sirius XM these days. The 33.2 million subscribers it was serving at the end of September are 2% fewer than its audience a year earlier. Revenue …

yahoo.com

FAQs about SiriusXM Cutting $200 Million in Costs - The Wrap Coupon?

How much will SiriusXM save by 2025?

SiriusXM wants to find $200 million in additional cost-savings by the end of 2025 on top of the $350 million of cuts it has already made across the organization. Witz said they will look at marketing expenses for some of those cuts, particularly as they scale back efforts to reach young streaming listeners. ...

Who is the new CEO of SiriusXM?

The satellite and online radio provider has also hired ADT Inc.'s Wayne Thorsen as its new COO as chief product and technology officer Joseph Inzerillo steps down The post SiriusXM to Cut $200 Million in Costs, Pivot Resources Away From Streaming appeared first on TheWrap. ...

Does SiriusXM have a cost savings plan?

To steady its financial footing, SiriusXM is targeting an additional $200 million in annualized cost savings by 2025, adding to $350 million achieved in recent years. The company also reaffirmed its commitment to shareholder returns through a $0.27 per share quarterly dividend and a $1.166 billion stock buyback program. ...

Will Sirius XM have a quarter fewer trial subscriptions in 2023?

Nine in ten subscribers listen in the car on pre-installed receivers. SiriusXM has already been scaling back its marketing spending for its streaming business, and it expects to have a quarter fewer trial streaming subscriptions this year compared to 2023. Witz predicts they’ll have even fewer next year. ...

What will SiriusXM do in 2023?

As a result, the company will shift marketing and other resources away from “high-cost, high-churn audiences” in streaming to its “core revenue-generating segments.” In December 2023, SiriusXM launched a streaming app for listening in a outside of the car. ...

Will SiriusXM bring in less revenue next year than in 2024?

SiriusXM SIRI 1.52% expects to bring in less revenue next year than in 2024, according to the company’s latest guidance. The satellite radio and audio-streaming company said Tuesday that it projects $8.5 billion in revenue for 2025 and is standing by guidance for $8.675 billion in revenue this year. Copyright © 2024 Dow Jones & Company, Inc. ...