In the initial three months of 2025, SiriusXM experienced a decrease of approximately 303,000 subscribers who pay on their own accord, accompanied by a drop in both total subscriber and advertising income.
Last year, the audio titan lost approximately 359,000 paid subscribers compared to the same timeframe previously, leaving them with a total of 33 million subscribers at the end of the first quarter. In September, SiriusXM – the satellite radio and multimedia corporation – finalized its separation from its major shareholder Liberty Media.
Last year saw around 359,000 paid subscribers leaving the audio behemoth compared to the same period last time, reducing their total number of subscribers to 33 million at the end of Q1. In September, SiriusXM – a satellite radio and media company – completed its separation from Liberty Media, its controlling shareholder.
In summary, total earnings decreased by 5% from $2.16 billion in Q1 2023 to $2.06 billion this year. The net income dropped to $204 million compared to $241 million in the same period last year. Subscription revenue stood at $1.6 billion, down from $1.68 billion due to a decline in self-pay audio subscribers.
In contrast to the previous year’s earnings of $402 million during the same period, advertising revenue dropped to $394 million for Pandora. Meanwhile, SiriusXM is reaping the rewards from the expansion of their podcast offerings, with total revenue reaching $487 million – a 2% decrease compared to the previous figures.
During the morning analyst discussion, it’s anticipated that SiriusXM executives will discuss the potential effects on car sales due to tariffs imposed by the Trump administration on the automotive industry and a weakening U.S. economy, which may lower consumer confidence as inflation increases in an unstable U.S. economy.
Tom Barry, CFO of SiriusXM, stated in a recent report that we don’t expect tariff issues affecting new car sales to significantly impact our subscriber numbers or financial status this year. However, as with any business, we will stay vigilant and track the evolving situation, keeping an eye on broader consumer trends and overall economic health.
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2025-05-01 14:56