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

Dec 10, 2024 · Satellite audio firm SiriusXM is aiming to trim costs by $200 million in 2025 as it ... $200M In Cost Cuts In Pullback From Streaming, “Doubling Down” On Core Auto Market; …

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

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Dec 10, 2024 · Satellite audio firm SiriusXM is aiming to trim costs by $200 million in 2025 as it ... $200M In Cost Cuts In Pullback From Streaming, “Doubling Down” On Core Auto Market; …

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

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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. SiriusXM to Cut $200M in …

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

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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 …

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SiriusXM Cutting $200 Million In Costs - The Wrap

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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 …

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SiriusXM Shake-Up: $200M In Cost Cuts, Pivot Away From Streaming

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Dec 10, 2024 · Home » SiriusXM Shake-Up: $200M In Cost Cuts, Pivot Away From Streaming. Business Digital. SiriusXM Shake-Up: $200M In Cost Cuts, Pivot Away From Streaming. Dec …

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

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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 in annualized …

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Big Changes For SiriusXM Underway To Pivot Away From Streaming

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Dec 11, 2024 · SiriusXM says it will target an initial incremental $200 million of annualized savings exiting 2025 by further optimizing efficiencies in key areas across its business. SiriusXM is …

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

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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.

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SiriusXM Plans $200M In Cost Cuts In Pullback From Streaming, “Doubling Down” On Core Auto Market; Stock Tumbles 10% On Revenue Outlook ... This article was printed from …

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

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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 …

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SiriusXM Tumbles On 2025 Revenue Outlook As Firm Outlines Cost …

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Dec 10, 2024 · As part of its 2025 plan, Sirius expects to reduce its debt by $700 million. The company plans to maintain its 27-cent quarterly dividend and the authorization for $1.17 billion …

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

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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 …

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SiriusXM Unveils 2025 Strategic Plan: $200M Cost Savings Push …

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Dec 10, 2024 · SiriusXM (NASDAQ: SIRI) announced an updated strategic plan focusing on its core subscription business and advertising portfolio. The company provided 2025 guidance …

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

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Feb 13, 2024 · The move is part of a plan executives told analysts earlier this month that aims to find $200 million of additional cost savings during 2024, through a reallocation of resources in …

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

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Feb 12, 2024 · SiriusXM is cutting its workforce by three percent in a move that CEO Jennifer Witz says will make the company “more efficient, agile, and flexible” in the new year. In ...

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

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Feb 13, 2024 · Shares of SiriusXM were higher in afternoon trading in New York. Last fall, in a bid to charge up its growth, SiriusXM unveiled a new logo, a brand-new app, a slate of new …

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SiriusXM Logs Subscribers Losses During Q3, Revises Ad Forecast

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Nov 3, 2024 · For cost-conscious radio fans, SiriusXM also has a streaming-only plan that allows customers to get access to more than 400 linear music, news, talk and sports stations for $10 …

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SiriusXM To Cut $200M In Costs, Pivots Away Fro... - Scoop.it

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Dec 10, 2024 · SiriusXM has appointed a new chief operating officer and laid out a new strategic vision that includes a greater focus on cost efficiencies and on its car subscription business. …

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SiriusXM Shake-Up: $200M In Cost Cuts, Pivot Away From Streaming

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Dec 10, 2024 · SiriusXM Shake-Up: $200M in Cost Cuts, Pivot Away From Streaming 12/10/2024 8:20 AM THR; ⏱ Reading Time: 44 sec. here; 2 min. at publisher Quality Score: News: 21%; …

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FAQs about SiriusXM Plans $200M In Cost Cuts In Pullback From Streaming, … Coupon?

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. ...

What's new at SiriusXM?

SiriusXM has appointed a new chief operating officer and laid out a new strategic vision that includes a greater focus on cost efficiencies and on its car subscription business. ...

What happened to Sirius XM?

It has courted mobile users, but in so doing sought to gain share in a crowded marketplace, with Spotify, Apple and Amazon-owned Audible all well-established players. Joseph Inzerillo, who oversaw the app revamp as Chief Product and Technology Officer, is departing SiriusXM “to pursue other opportunities,” the company said. ...

How much will Sirius save next year?

New York-based Sirius will seek $200 million in cost-savings next year, on top of savings achieved over the past two years, according to a statement Tuesday. The company didn’t provide further details on the reductions, but said it will focus next year on retaining subscribers who get its service in their cars. ...

Is SiriusXM doubling down on cars?

Shares in SiriusXM tumbled 10% on the news, which included a revenue forecast of $8.5 billion for 2025, which is below the consensus among Wall Street analysts. Strategically, SiriusXM said it is “doubling down” on vehicles, where 90% of its subscribers engage with its service. ...

What is SiriusXM expected to do in 2025?

SiriusXM delivered updated 2025 guidance of revenue of $8.5 billion and adjusted EBITDA of $2.6 billion, below its 2024 revenue guidance of $8.675 billion and adjusted EBITDA of approximately $2.7 billion. Free cash flow is expected to reach $1.15 billion in 2025, above the $1 billion in 2024. ...