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Sirius XM Holdings SIRI reported first-quarter 2025 earnings of 59 cents per share, which missed the Zacks Consensus Estimate of 70 cents. The company reported earnings of 63 cents per share in the year-ago quarter.
Total revenues, on a reported basis, declined 4.3% year over year to $2.06 billion and missed the consensus mark by 0.72%.
Subscriber revenues (77.5% of total revenues) declined 4.6% from the year-ago quarter to $1.602 billion, missing the Zacks Consensus Estimate by 0.25%.
Meanwhile, advertisement revenues (19.1% of total revenues) decreased 2% year over year to $394 million. The figure missed the Zacks Consensus Estimate by 0.61%.
Equipment revenues (2% of total revenues) decreased 18% year over year to $41 million. The figure missed the Zacks Consensus Estimate by 9.81%.
Other revenues (1.5% of total revenues) increased 3.3% year over year to $31 million and beat the Zacks Consensus Estimate by 5.14%.
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Sirius XM Holdings Inc. Price, Consensus and EPS Surprise
Sirius XM Holdings Inc. price-consensus-eps-surprise-chart | Sirius XM Holdings Inc. Quote
Sirius XM Standalone Details
The Sirius XM Standalone segment’s revenues (76.5% of total revenues) were $1.58 billion, down 5.2% year over year.
Total subscriber base declined 1.7% year over year to 32.86 million, beating the Zacks Consensus Estimate by 0.01%.
Revenues declined due to a 5% drop in subscriber revenues, which amounted to $1.47 billion. Advertising revenues were $39 million, down 2.5% year over year. Equipment revenues declined 18% year over year to $41 million. Other revenues increased 3.3% year over year to $31 million.
Self-pay subscribers increased 3% year over year to 31.34 million. Net subscriber loss in the reported quarter was 362K compared with a net loss of 445K in the year-ago period.
Average revenue per user amounted to $14.86, down 3.3% year over year. The figure missed the Zacks Consensus Estimate by 1.33%.
Pandora & OFF Platform Details
Pandora and OFF platform’s revenues (23.5% of total revenues) declined 1.6% year over year to $487 million, owing to a 1.9% decrease in advertising revenues, which totaled $355 million. Subscriber revenues decreased 0.8% year over year to $132 million.
Self-pay subscribers of the Pandora Plus and Pandora Premium services decreased 287K in the first quarter of 2025 to end the period at 5.7 million.
Total ad-supported listener hours were 2.35 billion in the first quarter, down 5.6% year over year. Advertising revenue per thousand listener hours was $87.23, which decreased 4% year over year.